Theresa May has put off the vote on Brexit until March 12th, and so the uncertainty continues. Will there be a transition period, or will people moving here afterwards need to follow the visa route? And what about us already here – what is Brexit’s effect on expats in France? How can you prepare and get more certainty around your status?
Even after Brexit, British buyers will still have the right to purchase property in France – just like other third-country nationals like Australians. However, the legal process of buying a house in France is different, so you need to know what to expect. We’re looking at the key steps, from involving the notaire to signing the acte de vente.
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