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French Property Ownership and French Taxation

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French property lovers, if you are fortunate enough to be a resident in France, according to this article on the Blevins Franks site you will be liable to French income tax, social charges and wealth tax on property, plus your heirs will be subject to inheritance tax.

So if you are moving to France or buying property in France, it is really important you become aware of the French taxation and how it will apply to you and keep up to date.

Please note we are not associated with Blevins Franks and do not receive any compensation from this company for sharing this information.

Read full article here.

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French real estate buyers tip number ten

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The Price may Not be Right

The least expensive properties that need lots of renovation be they barns or old apartments may seem attractive financially but are you willing to deal with renovations that often take much longer than expected. Trades people in France can be hard to find and quality trades people even harder. When you are available they may not be and you could wait for a week just to get a drain unclogged unless you are willing to pay a premium.

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French real estate buyers tip number nine

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French real estate buyers if you like the idea of spending days cultivating your French land maybe growing vines and relaxing with a glass of wine as the sun sets then a property with land may be ideal for you. If you like to be able to walk to town a farm or vineyard may be too remote. If you prefer to be in the center of town ‘people watching’ and in minutes to a bakery or coffee shop then a village home maybe ideal for you. But if you like your peace and quite so you can write that long awaited book then a village may not be the place for you.

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French real estate sellers tip number eight

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Selling a French property? As required by current French laws you are not permitted to market your property for sale with or without an agency without having completed the diagnostic test for energy efficiency. This is called the DPE.

If your French property is in a ‘co-propriété’ you will also need to get the test of Loi Carrez completed before the property can be marketed.

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