Sale proceeds (LMNP) — map — Furnished flat-share in Melun — LMNP · ID 02LMNP
What a sale at the end of year 25 leaves you: the sale price, minus the selling costs (the agency fee and the fee for repaying the loan early), minus the loan still owed to the bank, then minus the tax on the gain.
- The property, the loan and your money
- The selling costs (agency, early repayment)
- Taxes (the State)
- nothing to pay: the loan is repaid
Sale at the end of year 25: sale price €141,599 − selling costs €7,080 (agency fee €7,080 = 5.00% of the price, + early-repayment fee €0 = 1.00% of the loan left) − loan left €0 = €134,519 before tax. €134,519 − tax on the gain €4,804 + CSG saving given back next year €193.19 = €129,909 for you.
What this calculation leaves out
- The sale is at the end of year 25: the loan left is the balance after that year's payments, the price the value at the end of that year (or your own price in the planned sale year).
- The early-repayment fee only reduces the cash from the sale: in LMNP it is not deducted from the taxable gain (the agency fee is — see the resale tax map).
- The tax on the gain is computed on its own map (the corrected purchase price, the depreciation taken back, the allowances for the years held).
- The loan is fully repaid by then: nothing goes back to the bank and there is no early-repayment fee.
Each amount in the worked lines is rounded to the cent, so a line can differ by €0.01.