What the sale leaves after the loan and fees — T2 in Melun — SCI à l’IS · ID 01SCI ISNet Sale Proceeds Ledger

Gross Sale Price applies ONE MORE period of appreciation than Market Value itself carries (Appreciation Ledger's own Year-t figure is a start-of-year value; Remaining Loan is an end-of-year value, since it's the balance AFTER a full year of amortization — this extra period aligns the sale price with that same end-of-year timing, without changing Market Value/Appreciation Ledger itself). Every term here is untaxed cash — the real, before-any-tax proceeds check the SCI receives at closing. This formula does NOT reference Net Book Value at all — see this page's own doc comment for why Net Sale Proceeds and Capital Gain (Selling Cost Ledger) independently answer different questions (cash vs. taxable base), even though Loan Payoff Costs are now deducted in both.