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Info on propert tax in Nice from a Canadian buyer

Info on propert tax in Nice from a Canadian buyer

Dec 12th, 2015, 01:16 PM
  #1  
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Info on propert tax in Nice from a Canadian buyer

I live in Canada and my question is if I were to buy an apartment in Nice , specifically in Cimiez , paying full in cash, what would the annual taxes be. For example , let's say the app is 1,450,000 euros what would property tax look like ?
goldfinch27 is offline  
Dec 12th, 2015, 01:20 PM
  #2  
 
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This is a travel forum. You need an expat forum, or, better, a French accountant.
thursdaysd is offline  
Dec 12th, 2015, 01:41 PM
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You are buying a $1,600,000.00 flat and haven't researched the tax situation???
janisj is online now  
Dec 12th, 2015, 02:17 PM
  #4  
 
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It is now forbidden to pay such amounts in cash.
Anti-laundering laws.

Best is to get in touch with a legal advisor (notaire in french).
pariswat is offline  
Dec 12th, 2015, 02:50 PM
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I think this IS his/her research, janisj

And probably by cash buyer they just mean they can pay in full without a mortgage - that's the usual meaning in the UK, not literally a suitcase full of used notes

According to the Telegraph, there are various taxes involved, and it sounds quite complex, so yes, a French accountant or financial adviser is called for.
Nonconformist is online now  
Dec 12th, 2015, 03:49 PM
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"what would the annual taxes be".

The notaire in charge of the sale should tell you.
Pvoyageuse is offline  
Dec 12th, 2015, 04:35 PM
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I would think that taxes - as well as any fees for maintenance or whatever, would be part of the negotiations for the price of the property.

And Yes, one would need an expert in French property and also income tax laws to understand all of the details.
nytraveler is offline  
Dec 12th, 2015, 05:07 PM
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You think you can negotiate taxes???
thursdaysd is offline  
Dec 12th, 2015, 06:50 PM
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There are two annual "property" taxes: foncière and habitation. Taxe d'habitation is not due if the property is unoccupied and unfurnished (uninhabitable).

These taxes vary greatly depending on size and value of the house and location as the taxes are in part set at the local level.

Part of the notaire's responsibility is to ensure there are no outstanding taxes owed, similar to the U.S., and to advise the buyer on the current tax amounts (these can increase quite a bit year to year).

There is also a sales tax the buyer pays at time of purchase. That amount and the notaire's fees total around 9% over and above the purchase price. The buyer also pays the agent's fee which is usually (but not always) included in the price.

You must use a notaire to purchase property in France and you might want to consult a property lawyer as well.
Cathinjoetown is offline  
Dec 13th, 2015, 02:02 AM
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I second Micheline's suggestion to contact Adrian Leeds. She's an American expat with many years of experience buying and selling properties in France - especially in Nice and Paris.

She will be able to answer all of your questions - and even some that you didn't even know that you had.

http://adrianleeds.com/french-proper...ase-assistance
f1racegirl is offline  
Dec 13th, 2015, 02:27 AM
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'an American expat'

F1, you know I like you, but I would not recommend an expat for buying a flat instead of going to a notaire (sollicitor ?).

Adrian might have added value to find an apartment or a house but to conclude a deal ? I've never used an intermediary to conclude a deal.
pariswat is offline  
Dec 13th, 2015, 02:34 AM
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Hi pariswat,

I'm suggesting Adrian Leeds because she can help to answer the OP's question above as well as help guide her through the purchase process and answer many questions that a notaire cannot or is not obligated to. Here services in no way would replace those of a notaire.
f1racegirl is offline  
Dec 13th, 2015, 02:40 AM
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E1.5m and you come to us for advice
bilboburgler is offline  
Dec 13th, 2015, 03:23 AM
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You don't need Adrian Leeds, god forbid; you, like everyone else who buys a property in France, need a notaire. You can't begin or complete a sale without one except in very unusual circumstances. You need to understand all the complexities of the promesse d'achat, promesse de vent, tax consequences, etc. It is NOT an easy process but you need to understand every bit of the legalities.

It sounds as though you have more money than knowledge. Property taxes for every département in France, both d'habitation and foncières, plus local taxes for garbage removal and rentals, e.g., are easily google-able. There is also a series of booklets published by De Particulier à Particulier that describe in detail everything involved with various types of property purchases in France. I suggest you buy and read them (they are in French).
StCirq is offline  
Dec 13th, 2015, 05:15 AM
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Adrian Leeds??? My goodness her self promotion seems to have worked.
janisj is online now  
Dec 13th, 2015, 06:16 AM
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I am not in any way recommending Adrian Leeds. I just believe the op can find some information on her site, especially in Nice or Paris. I would not use her if I were fortunate to be able to purchase in France.
Micheline is offline  
Dec 13th, 2015, 06:22 AM
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Micheline.
You post the website without any comment and you are not recommending her ?
What do you do when you do make a rec ?
pariswat is offline  
Dec 13th, 2015, 06:54 AM
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I thought I just explained it. And I'd do it again. Too bad if it annoys you.
Micheline is offline  
Dec 13th, 2015, 07:25 AM
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Actually, I think you posted her e-mail address rather than the website, which does make it look as if you intended to suggest OP should actually contact her.
Nonconformist is online now  
Dec 13th, 2015, 07:29 AM
  #20  
 
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I definitely did not mean to do that.
Micheline is offline  

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