Luxembourg based start-up Nexvia launches my|GAIN
First online tool to calculate your capital gain tax on the sale of real estate.
As an innovative start-up in the field of real estate, Nexvia developed a tool that makes calculating the taxable capital gain on the sale of property easy.
First online tool to calculate your capital gain tax.
Many property owners may wonder how much tax they would pay when selling their property. However, a lot of research is often required to find the answer.
The capital gain tax when selling property is subject to many conditions and modalities: type of asset, acquisition price, sale price, seller’s tax class. Nexvia’s my|GAIN tool takes all these elements in account in order to calculate the precise amount owed to the tax administration.
Land owners, property owners through way of inheritance, buy-to-let investors and secondary home owners will be particularly concerned by the tool. They will now have an easy, centralised solution to obtain the desired information.
Furthermore, the calculator indicates the fiscal implication of a sale in 2017 compared to 2018. The capital gain tax for a long-term gain will be halved in 2017, which means that selling this year will be particularly profitable.
“It would be in a property owner’s best interest to sell in 2017 rather than in 2018” commented Pierre Clement, Nexvia’s founder. “For a 300,000 euro property, it can usually mean a saving of more than 10,000 euros”.
Nexvia makes home buying and selling easy
Nexvia’s goal is to revolutionise real estate services by offering powerful and user-friendly tools. my|GAIN is their latest free efficient calculator. It broadens the current range of 4 existing online tools: the property evaluator, the acquisition cost and monthly charge calculator, the buy vs rent comparator and the affordability calculator.
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