Our expert Independent Financial Advisor partners in France believe that the tax system is likely to remain very similar to the current structure in the event of Brexit. This is because: a). Cross border taxation of income and capital (such as French property rental income, proceeds of property sales, UK residents inheriting French property, and all UK sourced income for French residents) is subject to existing Double Tax Treaties, which are set up completely independently from the EU and therefore do not fall under EU regulation. The UK leaving the EU will not automatically change this system
The cost of living in France is not wildly different from that in the UK. We have been researching costs for you and below you will find a list of everyday items including costs of home services and utilities as well as transport, leisure facilities, home improvement costs etc.
France looks set to become the next investment hotspot for UK landlords. French homes have been off the agenda for many property investors in recent years, as tax rises and a sluggish economy have combined to keep prices and rental returns down. The evidence is coming from several directions that this may be about to change. Driven by punitive actions by the UK government and a return to French competitiveness, investors are being both pushed and pulled to France.
New discounts have been introduced that apply to the work the notaire performs as part of the purchasing process in France. The main role of the notaire is to uphold French law throughout property transactions, and as such he works for neither the buyer nor the seller; the notaire is there to make sure the legal process of buying in France is carried out properly. You will usually only need one notaire, but you are at liberty to choose a separate one if you wish – the fees will be no higher, but rather split between the two of them.