Category Archives: Financial and Legal

Re French taxes – Don’t believe what you read in the Newspapers!

Foreign newspapers have been quick to announce President Hollande’s proposed new taxes on second home owners, despite that these taxes are only ‘proposed’ and not ‘fait accompli’.  Very few are agreed but even if they go into effect they are … Continue reading

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New American Estate Agency Regulations?

News from America tells us of a possible new policy there which bans estate agencies from representing both a buyer and a seller, effectively prohibiting what industry participants commonly refer to as “dual agency.”  This is excellent news.  For many … Continue reading

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NEWS FROM FRANCE – HOLLANDE ANNOUNCES CAPITAL GAINS TAX RELIEF ON FRENCH PROPERTY SALES

President Francois Hollande has announced a change in the capital gains tax system on second home sales to provide more fluidity in the French property market. The taper relief system is to be changed so that from 2014 the required … Continue reading

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How to reduce the price of your French Property Purchase

Use a foreign exchange company for your transfers! NB rates change constantly so an exact quote is needed at the time. 1.  Example below from UK sterling for a property in France at 500,000 Euros. Foreign exchange company: rate at … Continue reading

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French Property News – An Uproar about new taxes – what rubbish!

What nonsense some, who should know better, are talking about Francois Hollande’s proposed new taxes on 2nd home owners in France. Let us calmly analyze those proposed: 1. Increase in Capital Gains Tax when you sell. This does not affect … Continue reading

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Our French Mortgage Partner Credit Foncier

Credit Foncier is the premier bank for property finance. Founded in 1852, Credit Foncier is part of the 2nd largest banking group in France (BPCE) . They offer a whole range of mortgages to non-resident clients and will do all … Continue reading

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Buying Property on the French Riviera? Good news for borrowers!

Just in – the ECB have cut their interest rate from 1.5% to 1.25%. This is bound to be reflected in lower borrowing rates.  I will advise in about a week when the lending banks issue their revised rates. Another … Continue reading

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Tax changes? Make that offer on your French Riviera Property NOW.

  New tax legislation has been announced meaning that much higher levels of Capital Gains Tax will be payable by those selling a property in France which is not their principal residence. Introduced by President Sarkozy as part of the … Continue reading

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