The Process
Taxes & Legal Fees
Buying through a company : SCI

 

There are, of course, various tax and legal implications involved in the purchase and subsequent sale of any property in France -- whether it’s to be your main residence, holiday home or rental investment. How you finance your property will affect the transaction. It is best to have worked out as many financial elements as possible early on in the process. For instance, you should establish what exactly your budget is before making mortgage inquiries and filling in preliminary applications. You should also be aware of the various expenses and fees associated with the purchase.

"In some cases, it is recommended that the property be inspected before making an offer. Such inspections are carried out by a valuer (expert immobilier)".
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The French tax system is complicated and differs significantly from many other countries. For example, there is a distinct difference between ownership of a property and usage of it.


post purchase financing in France

When you buy your property, you should register with the French Taxation Centre for Non-Residents. You will be sent an annual tax return which can prove invaluable as a record of your assets in France should you decide to sell your property, the proceeds of which may be subject to capital gains tax. Provided no income is made on the property (you do not rent it out, for example) your tax return will be left blank.

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buying process in France

"France has various double-taxation agreements with other countries. These offer favorable arrangements, particularly with regard to rental income. We recommend that you contact a fiscal adviser to ensure you comply with tax legislation".

buying process in France
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I intend to purchase a flat for €100,000 and would like an estimate of the notaire's fees that I will be required to pay.



BPI provides you real estate investing information and financing solutions to buy in France, as well as the accurate situation of taxes and legal fees to buy in France.