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johnny harrison

Question:

15 years ago we bought a 3 bedroom apartment in Meribel. I believe the SCI rules have changed. What sort of tax percentage will we pay if we sell our capital gains (as its a SCI). What are our options for renting?

by johnny harrison on 06 Apr 2016
Susie Hollands

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Answer:

SCI are not suitable for furnished rentals as they are treated as a commercial entity with business income so they are not tax efficient. The Capital Gains Tax is something that depends on your country of residence and I would need more info to advise you.

by Susie Hollands on 11 Apr 2016

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