14 décembre 2024
HOW TO INVEST IN REAL ESTATE IN FRANCE BY A NON RESIDENT / PATRICK MICHAUD
Patrick MICHAUD
AVOCAT PARIS 75008
National school of public finances - HEC CPA
patrickmichaud@orange.fr
33 (0)607269708
You are a non-resident and you wish is to invest in France by buying a property or a villa, either with a financial objective of profitability, or with an objective of pleasure for you and your family.
Real estate is subject to a large range of taxes in France during acquisition with registration fees, annually with property tax, wealth tax and income tax or capital gains tax. and with very high inheritance taxation *
You must be be very concern with the questions of inheritance taxes ;the definition of your residence can be different for income tax ans inheritance tax:ie you canbe a non resident in france for income BUT resident fot inheritances taxes
For these reasons it is essential, before an acquisition, to pay particular attention to how the purchase should be structured.
I can give informations to your legal advisor
The choice of form and financing is very wide.
your investment can be made-in your own name with or not your wife or husband-through a French company, such as a societe civile immobiliere -in my opinion the best way, or- a foreign company or a trust
your advisor can contact me to find out
about the tax implications.
about the tax implications.
1st Recommandation
France, like almost all other countries, imposes total transparency on the final beneficiaries, both fiscally and financially.In particular, banks and notaries have a strong duty of vigilance regarding the origin of funds and the beneficial owner of the property.It is no longer possible to make an investment without disclosing the identity of the final owners
Failing this, there is a 3% tax on the property's market value - without deducting loans - payable annually.
Your advice should take into account
A Taxation of income in kind in the case of free occupancy
please note that the tax residence for inheritance tax purposes is usually different from that stipulated in income tax treaties.
- Tax obligations for non-residents renting out unfurnished accommodations
- Tax obligations for non-residents renting out furnished accommodations
- As a non-resident who receives income from real property, is this property income or business income, and how do I declare it ?
- As a non-resident, am I liable for social security contributions and the social levy ?
- I am a non-resident and my appeal in respect of DREYER case law (social levies) has not been processed
- Are non-residents liable for local taxes ?
- Property wealth tax (IFI) for non-residents who own property in France and/or abroad
- Selling property : tax arrangements and rate
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