Selling Property In France
Enlist The Help Of Experts
Selling a property can be exciting, particularly if there is a potential for a sizeable profit on your investment. However, the process can be stressful, and without professional legal property tax advice, your potential profits can shrink significantly. The situation can be even more complicated and challenging to navigate as a UK resident selling a property in France. You need to understand both UK and French property and tax laws. Or have someone by your side that does. France Tax Law are that someone. Our French property sales experts team can help you through the sales process. We're experienced in UK and French law and understand the tax implications you need to know.
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Selling a House in France Through a Qualified Notaire
In French property transactions, the notary (notaire) plays a pivotal role, serving as the conveyancing solicitor to ensure all paperwork and procedures comply with legal requirements. Notaires fulfil essential parts of the sale, including drawing up the purchase agreement (Compromis de Vente or promesse de vente) and holding deposits.
State-appointed notaries are central to the process, representing both buyer and seller. However, it's important to note that notaries may only speak French, which can pose challenges for English speakers. Working with a French-qualified notaire from France Tax Law ensures personalised expert advice and seamless communication in both English and French, overcoming language barriers and ensuring smooth transactions.
A Comprehensive Approach to Selling French Property
At France Tax Law, we're experts in French property law and tax law. We take a holistic approach and carefully consider the tax implications of your sale to help you make more informed selling decisions. Not only can we assist with selling property - we can also guide you when buying property in France. We offer legal advice which considers both UK and French tax laws and how they affect you. As French business law experts, we can help you with business tax matters and selling commercial properties in France too. Not properly navigating taxes can be costly, so it pays to have an experienced team by your side to lay everything out in straightforward, no-nonsense terms.
Selling Property in France: Fees
When selling French property, it is crucial to factor in associated fees. These typically include expenses for DDT tests and estate agent commissions if you choose to use one. Notary fees may also apply, although the buyer often covers them. Employing estate agents and notaries can offer excellent value and save you time and money. Working with professionals like France Tax Law can lead to better financial outcomes in the long run through tax optimisation, better estate planning and more.
Selling Property in France: Taxes
In addition to fees, sellers must consider taxes when selling their French property. France Tax Law's French tax specialists assist in optimising your tax position throughout the sale, taking into account long-term tax effects, including implications for inheritance and succession plans. When selling a home in France, sellers may be subject to capital gains tax, known as impôt sur les plus values. Our team can determine your eligibility for this tax and clarify its implications for your property sale, ensuring you understand your tax obligations.
We Work With French Qualified Notaires
We are experienced in helping our clients sell homes in France through French qualified notaires. We work with French qualified notaires across our services and have a French-qualified notaire on our team. We have French-speaking property law experts who can communicate with anyone in France involved in the sale. If you are looking for a reliable team in the UK to work with your team in France, we are the right people for you.
French Property Experts
The France Tax Law team, including a French-qualified notaire, has a wealth of knowledge in both UK and French property and tax law. We understand the tax implications of property sales and how French and UK laws work alongside each other. Furthermore, we have over 20 years of notarial industry experience, including time in Luxembourg's banking industry and Monaco law offices.
Enquire About Selling A Property In France
Receive expert legal advice on selling your French property. Whether you are selling a residential or commercial property in France, our team can help you with the sale, taxes and more. To learn more about how we can help you, call our French-qualified Notaire.
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Selling Property In France FAQs
Yes, Brexit has caused changes to how UK residents can sell property in France. We discuss the changes in our blog post "How Has Brexit Affected Selling Property In France?".
Capital gains tax (including social charges) applies when selling a property in France if it's not your main residence, the sale exceeds €15,000, and you've owned the property for less than 30 years. Full exemption of capital gain tax after a period of ownership of 22 years and social charges after 30 years.
Selling property in France involves fulfilling mandatory surveys and checks, known as the Dossier de Diagnostic Technique (DDT). These cover a range of assessments, including lead and asbestos, gas and electrical installations, septic tanks (if applicable), energy efficiency, and natural or industrial risks. All relevant DDT tests must be completed before the property sale, except for the energy efficiency survey, which is required before marketing the property. France Tax Law's property experts offer guidance to ensure compliance with these obligations, simplifying the process and clarifying your responsibilities.