Make sure you understand your French tax obligations when buying property in France
If you are going to buy property in France make sure before you buy French real estate you investigate your tax obligations.
From what we have read online when you arrive in France with an intention to reside there indefinitely you become a tax resident the day after arrival. If you do not intend to spend all your time in France you need to carefully follow the French residence rules and know how they impact your French tax obligations.
According to Blevins Franks who studies French tax guidelines you will be deemed tax resident in France if you meet any of these four tests:
- France is your main residence or home.
- France is your principal place of living; this usually means more than 183 days in France per calendar year.
- Your principal activity (occupation) is in France or your main income arises there.
- Most of your substantial assets are located are located in France.
You can if you wish contact BlevinsFranks for more details but we are not affiliated with them.
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