will you be able to sell your second home tax-free in 2024?

In order to push owners of second homes to sell their property to households wanting to buy their main residence, Renaissance MP Daniel Labaronne wants to include a tax gift in the 2024 budget.

At this stage, it is just an idea pushed by a Renaissance deputy. But Daniel Labaronne intends to include his proposal on the menu of parliamentary debates for the next examination of the 2024 budget. He explains Capitalwho revealed this information on Wednesday, September 20, why what looks like a tax gift to owners of second homes would in fact be a gesture aimed at households having difficulty purchasing their housing: I propose that in 2024, the capital gain realized on the sale of a second home is completely exempt from tax and social security deductions, he says to Capital. provided that the secondary residence is transformed into a main residence or that it is offered for rental.

I propose that in 2024, the capital gain made on the sale of a second home be completely exempt from tax and social security contributions.

Transforming part of the more than 3 million secondary residences in France into primary residences, in the face of an increasingly acute housing crisis: this is Daniel Labaronne’s objective.

This tax gesture would, however, only concern recent second homes, in the sense that real estate owned by their owners for more than 22 years is exempt from tax on the capital gain realized at the time of the sale (compared to 19% of tax otherwise). And beyond 30 years of ownership, the sale of a secondary residence is also exempt from social security contributions.

Real estate capital gains: definition, calculation, taxation and possible exemption

Among the deputies of the presidential majority, Daniel Labaronne is one of those who regularly manages to have proposals or amendments voted on in the banking and financial field, like the Labaronne law on forgotten retirement savings.

For this idea of ​​a 2024 tax exemption on real estate capital gains, Daniel Labaronne intends to present an amendment during the examination of the finance bill for 2024, expected in October at the National Assembly.