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How to buy a French property at auction
Buying a new property is always an exciting and challenging topic. The classic acquisition scheme is well known. Alone or with others, directly or via a company, the buyer, often assisted by a real estate agent, signs a compromis, and then reiterates the sale before a notary. The price, the…Continue reading
The French 3% tax on market value: how foreign entities may be exempt
Relatively unknown, the French 3% tax on the market value of real estate properties owned in France (Taxe sur la valeur vénale des immeubles détenus en France, hereinafter “TVVI”) can have dire consequences, if one does not pay attention. Designed and adopted as a tool against tax evasion, the TVVI…Continue reading
The Reform of the French Hereditary Reserve in International Successions: a Problem; Not a Solution
On 24 August 2021, Law No. 2021-1109 reinforcing the respect of the principles of the Republic (hereinafter “the law against separatism”) was adopted. With this law, the Government intended to respond to the phenomenon of “separatism”, which France is facing. Its provisions aim, in various fields (such as the protection…