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Probably a key area which buyers ignore are the inheritance and tax implications of an owner. These are important considerations that need to be taken into account when buying in France. Do I buy using a company? Who will inherit when I die? What tax will be payable when I sell? Basic tax and inheritance advice should be sought before proceeding.
It is normal for 3 surveys to be carried out prior to purchase to advise on the presence of termites, lead in painting and use of asbestos. Structural advice will be sought as well as a valuation for mortgage purposes.
In France you will purchase either an existing property through a “Compromis de vente” or a new property by way of a “Contrat de réservation”. There are procedures about the deposit payable, cooling off periods and the time when the formal deed to transfer ownership is completed. You should ask your legal advisor to explain all of these points. |
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| books |
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| Buying a Home in France | by David Hampshire | | | | Living and Working in France | by David Hampshire | | | | Glossary of House Purchase and Renovation Terms | by Alan S. Lindsey | | | | Concise Dictionary of House Building Terms | by Alan S. Lindsey | | | | |
| magazines |
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| Everything France | website: everythingfrancemag.co.uk | | | | French Property News | website: french-property-news.com | | |
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