A notaire is one of the most distinctive parts of the French property-purchasing process. Anyone who’s bought in France will tell you to make sure to involve them – but who are they and what actually is their role?
At last weekend’s Your Overseas Home show, France Property Guide spoke to several people who were worried about their property purchase in France being affected by Brexit. Many others may be feeling the same way. This article will allay fears and explain why we believe you should continue your plans with confidence, whether you buy in France before Brexit or not.
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 High Court ruling today confirmed that any British expats who have been living away from the UK for over 15 years are unable to vote on whether the UK should stay or leave the EU. The case was spearheaded by a 94 year old veteran of World War II, Harry Shindler, who is resident in Italy, and a lawyer, Jacquelyn MacLennan. Their case was based on the argument that by denying them the right to vote on whether the UK should stay in or leave the EU, their right to freedom of movement under EU law was restricted, stating that their lives will be directly affected by the outcome of the referendu
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.