The price of the property in France shut down in this last year's but not everywhere Paris, Cannes, Courchevel, Megève continue to grow up for this last 4 years. In the next 3 or 4 years probably the price loose 3 or 4 % /year. When you buy in France you have to know that you have to pay around 8.5% more of the price to the notarius and the french tax. Don't forget to sign before a preliminary agreement and you have to know that you probably have to wait 3 months before sign the final contract. If you resell your property and is not your residence home, you have to pay 37% tax on the profit more the tax representative if you're not french citizen or if you don't live in france more than 6 months /year
Tax Representation :
When you sell a property in France, if you are not resident (your revenues are not declared in France) you have to make a capital gains tax declaration. Since January 1st, 2003 a new device concerning the tax representations on the real estate gains of the not residents in France was set up by the French tax authorities. Indeed in application of the article 244 bis A of the general code of the taxes, the individual and moral persons not taken up residence in France are indebted of a taking of 33% on the real estate gains realized in France. Since March 1st, 2004 you are obliged to use an authorised tax intermediary except in the following cases : The sale price of the property is less than or equal 150 000 € by seller or you have owned the property for more than 15 years. Moral persons systematically have to accredit a Tax representative. The legal responsabilities of a tax intermediary :
The tax intermediary guarantees the payment of the capital gains tax to the Tax Authorities,
The exactitude of the tax declaration
In case of a claim by the Tax Authorities, the tax intermediary assumes the responsability and the cost of any adjustments or penalties without limitation. If you are foreign (your revenues are not declared in France) seller in France, please contact us, we can introduce you to a famous Tax intermediary, for more than 10 years our partner, as part of its role as a banking institution, has been authorized by the French Tax Authorities as a tax intermediary for both non resident private individuals and limited companies.
French or Foreign :
French or foreign: Owners of property in France! French or not you have a property which you handle difficult meetings of condominium and the payment of expenses, invoices and tax breaks. With our support package we can make all the transactions for you and make you free! We pay for you : Services : With our contract pack support! We support: •The payment of your bills, water, electricity, telephone, gas, •Relations with the condominium and the trustee, •The payment of your condominium fees, •The annual general meeting of owners, •The settlement of your property tax. We will send you an annual report!