Frequently asked questions about Immobilier

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Is it possible to sell a plot of land for the symbolic price of €1?

No. In matters of sale, the price is an essential condition of the contract (Article 1583 of the French Civil Code). The law provides that the price must be determined by the parties (Article 1591 of the French Civil Code), and case law considers that it must be real and…
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I am selling the property that I bought in 1998. At the time the price was expressed in francs. Is the notary obliged to use the INSEE converter to determine the amount of the transaction that shall be carried out in euros ...

... and calculate the capital gain for which I am liable? No. The INSEE converter is a tool that makes it possible to determine the equivalence between two currencies. It takes into account the currency depreciation due to inflation. Nevertheless, to the extent that this tool works on the basis…
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I have been divorced for 32 years, and we divided our assets in 2018. At that time, I became the sole owner of the house. Today, I am selling it. Will I be liable for capital gains tax?

Yes. The seller is exempt from capital gains tax when selling a property that has been owned for more than 30 years (BOI-RFPI-PVI-20-20 §§60 and 70). In your case, the holding period must be calculated in two separate parts: You became the owner of half of the property more than…
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