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12. House Buying Fees & Taxes in France
12.1. French Notaire Fees - 'Frais de Notaire'In calculating the transaction costs of buying property in France, it is important to distinguish between fees and taxes and between older and new property.
Notaire fees are regulated by the government and vary according to the sale price of the property. A scale rate for notaire fees (excluding taxes) is used, as follows: Table: Notaire Scale Fee Rates
These fees area subject to VAT (TVA), at the usual rate of 19.6%. Based on these rates, for a property being purchased for €250,000 you would pay approximately 1% in actual notaire 'fees' (excluding taxes), and the higher the sale price, the lower the proportionate amount of the fee. If a mortgage is being obtained for the purchase then you should budget around 2% of the loan in fees and costs, comprising include registration costs, the additional professional fees of the notaire (0.26%) and the lenders fee. Clearly, depending on your circumstances there may be other professional fees payable - solicitor, avocat, financial advisor, building surveyor, land surveyor. If a land surveyor is required it is not unusual for their fees to be met by the seller or at least shared. In addition, if you require specialist advice, or there are complicated clauses to be included in the sale contract, over and above the general contract provisions that ordinarily apply, you may also be asked to pay additional notaire fees on top of the basic charge. Generally, a notaire should and will obsorb these extra responsibilities within the basic charge, but this cannot always be guaranteed. However, the notaire is legally obliged to advise you in advance if they are payable. They are not permitted simply to bill you for extra fees without prior notice. If you have any doubt about it, then ask! There are also a number of ancillary disbursements payable by the notaire that arise, mainly from land registration, enquiries to the local Council, and to the national rural land agency (called SAFER). They will normally only total a few hundred euros. In the next section we consider the house buying stamp duty land registration taxes that are payable in France. If you would like to receive regular information on buying property in France, then register to receive free of charge each month our popular Newsletter. Next: House Buying Taxes Back: Certificate of Purchase Couldn't find what you are looking for? Search again now!
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