We just learned about a new French law being drafted that will increase the amount of tax Non Residents will pay for real estate they own in France.
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New French Inheritance Tax Reduction and French Real Estate
2012 There is a new French law being drafted that will reduce the amount of tax free inheritance you can receive for a property inFrance:
In summary, courtesy of Delphine Parigi, French Tax Attorney, if accepted the following will happen:
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What is Taxe d’ Habitation in France?
Before you buy or rent a property in France it is important to note that the local property rates are made up of two different taxes.
One is called the taxe d’habitation – a residence tax
The other is called taxe foncière – an ownership tax
How to get your real estate offer accepted in France
When you have found your dream home in France and you decide to make an offer to purchase sellers will want to know you have your financing in order.
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How much are closing costs when you buy French real estate
Generally speaking when you purchase a residential property in France you pay the purchase price of the property plus around 7 to 8 percent in addition extra in Notary fees.
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