Purchasing a French Residence
Purchasing a residence in France?
We will guide you through all steps of the
purchase process, including:
- Explaining the various tax implication
of owning property in France
- Negotiating the price
- Identifying a French Notaire (the French
lawyer who must actually prepare and finalize the passage of
title)
- Working with the Notaire as liaison for
the client.
- Review of all documents
- Creating a corporate or other holding
structure for the property
- Obtaining property title insurance
- Executing your currency transfer in the simplest and
most cost effective manner
We can help you through the many steps
of purchasing your residence. Who pays the real estate agent's
commissions? Who pays the costs of the Notaire? How much are
the transfer taxes on the purchase of real estate and who bears
that cost? We will explain the income tax, estate tax and inheritance
implications of owning real estate. Are you a non-resident
of France? Should you create a holding company for the property?
What are the tax implications for non-residents and residents
alike upon sale of the real estate? What if anything can be
done to minimize those taxes? If you are a U.S. citizen, how
can you offset capital gains taxes paid to France against your
U.S. tax on the same gain? How is the gain measured for tax
purposes? If the property in question is your principal residence,
how do the French capital gains rules differ from the U.S.
rules? These questions are among those of urgent interest to
the property buyer.
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