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How the tax authorities track principal residence fraud


The principal residence is the usual dwelling where the center of your interests is located. Given the precision of the criteria used by the tax authorities, it is better not to fix the reality too much, under penalty of a heavy fine.

Have you been spending more time in your second home since telecommuting or retiring?

Has it become your main residence?

The question is important, because it then benefits from the exemption from the housing tax, the 30% reduction for the calculation of the tax on real estate wealth, if you are liable for it, and the most- value will not be taxed if you resell it.

For some owners, it is tempting to fix reality in order to take advantage of this last advantage.

All you have to do is ask the notary in charge of the sale.

He does not have to verify your allegations or ask you for supporting documents.

To discover

  • Our guide for your first declaration of real estate to the tax authorities

  • Taxes 2023: the deadlines for the tax return by department

Beware of misrepresentations

But beware, the tax authorities are watching and will not hesitate to apply a 40% penalty to the seller who has wrongly taken advantage of the exemption.

Litigation abounds and illustrates the criteria used by the tax authorities.

Your main residence is, in the eyes of the tax authorities, the accommodation in which you usually live...

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Source: lefigaro

All news articles on 2023-03-25

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