Luxury Property Cannes
When procuring a property overseas - whether you will be living there or simply splashing out holidays or the odd weekend there and letting it out for the rest of time - it's essential to know which sort your tax scenario is so that you don't get hit with any unexpected tax bills.
First issues first. In France there is not any such employment as a French property consultant. One can find property traders (agents immobilier) who might offer to do much more on your behalf than only help you pay for your French house, however that is it. A French real estate broker is a qualified, licensed individual, almost invariably well educated and highly professional.
I've yet to meet one who is definitely French.
In my knowledge they are all expats.
Do you converse French? In case you do then evidently you've a head begin and you will discover it easier. For people with the time you might wish to buy an audio kit educating you how to speak French or you may want to go on a French talking course. If you can locate a French training course or a personal tutor that teaches you how to deal with acquiring property in France then all the better.
There are many ways to find property in France that you might would like to buy. You'll find the property agents, vendors and lots of via the internet French property websites that allow you to find one of the best property for your budget.
Property tax:
There are two property taxes in France: taxe fonciƨre and taxe d'habitation.
Another alternative is to sign a change of matrimonial property regime deed. You can have a system of group of belongings (known as a communaute universelle) which has an identical effect to the tontine clause in that it provides automatic survivorship however would also use to any future property acquired in France as well as the just one you will be intending to purchase now. On your death, your wife would emerge as the only proprietor of the property. However, because your children are of a earlier relationship they might have the ability to claim the portion of your estate that they might or else be entitled to beneath French law had you not signed the matrimonial property regime deed.
Tilda Herriott is our guest French Property expert.