Can we use pounds for property sale?

If a house in France, owned by a British person living in France, is sold to a British UK resident, with both parties having UK bank accounts, is it possible to use sterling to pay for the transaction, transferring the money from one UK bank to another, avoiding currency exchange fees? J.L.

Yes it is possible. Since the house is in France, the transfer of the title to the new owner must be done in France, making reference to euros as the currency, but with the transaction to be paid in sterling between you. French stamp duty and fees will ...

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