Previously, capital gains (net income) in relation to the sale of certain real estate—including a secondary home or investment land / property (i.e., not the taxpayer’s main residence)—and held by the taxpayer for more than two years were taxed at one half (½) of the taxpayer’s global tax rate as “extraordinary income.” For a limited time from 1 July 2016 to 31 December 2017 (inclusive), the taxation of such gains realized during this period will be reduced to one quarter (¼) of the global tax rate of the taxpayer.
Read a July 2016 report prepared by the KPMG member firm in Luxembourg: Law published (Bill 6983): 1/4 global tax rate for real estate capital gains (99ter - 131§1d LIR)
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.