Insurance News Archive

Seek tax advice before going 'en Francais', property owners advised

Property owners and investors keen on tapping into the French property market have been advised to contact a French law expert prior to any financial outlay.

The advice comes from Niclas Dowlatshahi, managing director at Leapfrog-properties.com, who has suggested that investors would be wise to seek advice from someone with expert knowledge in the market before purchase.

As well as notaire fees, the differences in inheritance tax can also catch out property hunters which is why it's always best to seek independent advice. There can also be cultural differences when it comes to purchasing buy-to-let commercial property insurance.

Mr Dowlatshahi said: "You just need to bear in mind that you will need to pay notaire fees, which are roughly three per cent for new builds and seven to eight per cent for resale properties more than five years old."

Leapfrog-properties.com works alongside its French sister agency to facilitate the entire process of buying a property in France.

Posted by Dan Winters
 

12 Dec 2011