Key points to consider when purchasing real estate in France
by Mégane Mullebrouck and Matthieu Van Gucht
After a well-deserved vacation in France, are you dreaming of having your own place in la douce France? The best approach to purchasing real estate largely depends on the intended use of the property. Will you use the holiday home for personal purposes, or are you thinking of renting it out? Depending on your plans, it may be advantageous to make the purchase privately or through a Belgian company.
Buying in your own name
When buying real estate in your own name, it may be interesting to opt for the so-called "micro régime." This allows you to avoid keeping formal accounts, as there is a flat-rate deduction for expenses.
However, if the revenue becomes too high, maintaining proper accounts will be necessary.
Buying through a company
If you purchase the property through a company, keeping accounts is always mandatory.
Recurring taxes
Both options may involve recurring taxes, such as VAT, taxe foncière, taxe d’habitation, wealth tax, etc.
Estate planning
It’s also wise to think about the future when making a purchase. Do you have children and want to consider estate planning? Then you might want to involve them in the purchase process.
A good preparation is therefore essential when investing in French real estate. We are here to advise and guide you through every step of the process. Even if you already own property in France, we can assist you in fulfilling your tax obligations.
Keep an eye on our website for more articles related to the implications and obligations of purchasing real estate in France, both privately and through a company. For questions or advice, feel free to contact us using the form below.
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Mégane Mullebrouck
Advisor Accountancy megane.mullebrouck@vandelanotte.fr
Matthieu Van Gucht
Team Manager Accountancy matthieu.vangucht@vandelanotte.fr
Disclaimer
In our opinions, we rely on current legislation, interpretations and legal doctrine. This does not prevent the administration from disputing them or from changing existing interpretations.
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