Author: The ESREA France Team

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New French Capital Gains Tax – Determine your Capital Gains Taxes

On September 1st 2013 the capital gains tax rules changed again in France.

As it always it is complicated to understand how it applies to each sale of a French property and the best advice is to speak with your own English speaking French tax adviser or French Notary to assist you BEFORE you put your property up for sale.

Information Link on 2013 – 2014 French Property Capital Gains 

If you read French and want to see how these new rules are explained by the Tax department of the Government of France please follow this link directly to the French Government. Scroll down about 2 cm.

Then we recommend you consult your professional tax adviser.

If you need assistance locating a English speaking French tax adviser we can help you find one. Just contact us here.

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What does the term Dependence mean in a French real estate ad?

French property owners or French real estate agents sometimes use the term Dependence to describe what we call in English an ‘out building’ or storage shed that is located on a property separate from the main building.

The term dependence could also be used as a way to describe a small building on a property that could be used as a workshop.

NEWS: Have you seen our French real estate buyer’s guide that comes with a 100 percent money back guarantee? Here it is

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What does the term Cuisine Equippee mean in a French real estate ad?

In contract to the term Cuisine Amenegee in a French property you can purchase a property with a Cuisine Equippee.

This general French term means that the kitchen is equipped with some types of kitchen machinery like a dishwasher or fridge or a nice gas stove like this. You will need to contact the French real estate agency to find out exactly what is included.

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What kind of kitchen is a cuisine americaine in a French property?

In a French real estate advertisement the term Cuisine Americaine generally means an open style kitchen where the kitchen is open to a living room or sitting room area. There are typically no walls separating the kitchen from the living area in the home or apartment.

Note: this type of kitchen is also said to be a Cuisine US in some advertisements.

This is in direct contrast to the term Cuisine Independent which is the traditional style kitchen in a separate room with doors to the eating or living area.

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Is the French Real Estate Market Recovering?

After many months of waiting some experts suggest the French Real Estate market is getting more active or at least should be.

According to a new article published in French on Explorimmo low interest rates, lower prices, capital gains tax relief may inspire more activity in the market. Experts like François Davy of the Foncia Group noted an increase in market activity during the months of July and August (2013).  The president of the Guy Hoquet group also remains optimistic.

Indeed many agents recommend it is a good time to explore the market for highly motivated sellers who are selling at interesting prices but you have to look closely to find these deals.

Read the full article in French here

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