Simone Paissoni outlines the tax issues involved in owning a property in France
France is a wonderful country, but complex at all levels, and it excels in its complexity regarding the taxation of real estate.
Anyone who dreams of owning that “petit bijou” in the sun or the city, knows that the costs and duties on purchase amount to six or seven per cent, but what about after completion? What does the new owner have to worry about? What about on sale, or gift or death—how are such events treated tax wise in France?