-
Stena Line to end popular France-Ireland ferry crossing
Rival operators will continue to serve Cherbourg port as passenger numbers on route increase
-
Red heatwave alerts continue as storms sweep across France
South-west and Brittany are the only areas likely to avoid storms this evening after several temperature records were broken in the south yesterday
-
Air traffic controllers’ strike: Paris and south of France airports to face major disruption
Half of flights in Nice and Corsica, and a quarter in Paris are cancelled on July 3. Disruption is also expected on July 4 just before the French school holidays begin
Holiday home sales are now cheaper
There is good news with the abolition of the fiscal representative in sales of non-residents’ holiday homes
THERE is good news for residents of other EU countries looking to sell their French properties – the requirement to use an ‘accredited fiscal representative’ for the sale has been axed.
A représentant fiscal accrédité, usually from one of a small number of banks, formerly had to be chosen to check on the sale and make sure the non-resident paid the correct French capital gains tax and/or social contributions. This applied unless the home was exonerated from these, which takes 30 years’ ownership.
Now parliament has removed to requirement, as we said was expected in January’s edition of the paper.
This should save time and complication – reportedly these representatives are sometimes demanding in their requests for paperwork from the seller – as well as money. Paris Notaire Thierry Delesalle said: “It’s also a saving in money, because it usually cost around half to one per cent of the sale price for their involvement, which isn’t to be sniffed at.”
People in the EU (and, in certain cases, in the larger European Economic Area) will now simply have the same formalities as sellers in France. However the requirement remains for those living in other parts of the world.
The change follows a ruling by the Court of Justice of the European Union that the requirement was a barrier to the free movement of capital in the EU, as well as a subsequent question to parliament from MP for French people in Switzerland Claudine Schmid.
Photo: © khz - Fotolia.com