France is one of the most popular tourist destinations. It is also very attractive to non-resident real estate investors. Nevertheless, the administrative, legal and fiscal aspects represent concerns to foreign investors.
Our goal is to advise you and accompany you throughout your project on these points.
When you purchase a property, there are several steps:
Concerning the notary fees, only the purchaser is liable. The total cost represents approximately 7 % of the purchase price
In France, the housing tax and property tax are the two main taxes for which you will be liable.
You receive your tax assessment directly by mail or you have the option to pay and receive your tax notification online.
The property tax: It is due every year by the owners of a built or non-built property. It is defined by the tax service and the center of public finances. It takes into account the rental value of the cadastral delimitation and the rate determined by the local authorities. The payment deadline is usually around October 15th.
Residence tax: This tax applies to all housing, principal or secondary residences, and all occupants (owners or tenants).
This tax is directly calculated by the tax authorities, it is due if the tenant occupies the dwelling on 1st January of the tax year. The rental value of the property is multiplied by the tax rate defined by the local authorities. The payment deadline is usually around November 15th.
When you rent a good during the season, two plans are applicable: the flat-rate plan and the actual plan. The profits are taxed:
According to the prevailing rate for French residents + social security contributions up to 17.2%
According to a minimum rate of 20% for non-residents + social security contributions up to 17.2%
Who must pay this tax?
You are liable for this tax if your property assets are greater than 1.3 million euros.
Taxable asset: properties built or not (building or agricultural land ...), real estate assets, shares of a real estate company. The principal residences: if the tax residence is in France, you will benefit from a reduction of 30%.
Deductible liabilities: Since the last Finance Law, only certain debts are deductible.
Concerning non-residents:
The taxation of the real estate capital gain is determined as follows:
The tax rates are as follows:
The following charges may increase the purchase price:
Transferring your assets
The law that applies is the law of the last place of residence of the deceased
Unless the deceased has stipulated in a will, that the applicable law must be that of the country of which he/she holds the nationality. French law states that it is not possible to disinherit your children (principle of "hereditary reserve")
The inheritance tax:
The quality 
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