General information on beginning the search / Where would you like to buy real estate?
House or apartment?
New building or old building?
What does the price of the object depend upon?
Who is your negotiating partner for acquisition?
The current market situation on the Cote d’Azur
Acquisition of an old building / Viewings / Appraisals
Preliminary Contract ( „avant contrat“)
Role of the notary / „acte authentique“
Additional expenses for the purchase („frais de notaire“ or „frais d’acte“)
Purchase of a new building
Purchase of land
Financing
Foundation of a S.C.I. („société civile immobilière“)
Purchase on the basis of pension („viager“) as a special form of property acquisition of real estate
Taxation of the gain („plus value“) from sale
Right of succession
Monaco
Conducting a sale / Preparations for the sale
SELLING A PROPERTY / USING AN AGENT?
SELLING A PROPERTY / PREPARING THE PROPERTY FOR THE SALE
Landing stage for your boat: Buy or rent?
Taxation of the gain („plus value“) from sale

In general the increases of value for real estate property in France and in particular on the Cote d’Azur were noteworthy in the last few years so that usually in the case of sale the price to be redeemed is higher than the cost price. The increase in value is not subject to taxation in France if



- the property is a matter of your main place of residence,

- you have been the owner for more than 15 years.



In all other cases taxes are charged according to the following provisions:



- If you are a EU-citizen you must pay a rate of 16%, non-EU-citizens

33 1/3 %

- The tax is reduced depending on the duration of the ownership: no reduction within the first 5 years, in return as of the 6th year immediately of 6% and

- for each further year of another 10% so that after 15 years no tax has to be paid for the sales profit.



Value reducing renovation work which can be documented with invoices reduce the amount to be taxed.



The French State demands that tax foreigners supply a fiscal representative („représentant fiscal“) and in fact independent thereof if sales profit accumulate or not. The fiscal representative ensures any additional claims of the French tax authorities during the time period of 4 years after sale of the real estate. There are 2 cases in which the obligation of a fiscal representative is not existent:



- If the real estate has been owned for more than 15 years

- If the sales price is lower than 150.000 €.