Buying and selling property in France
Imison & Co provides services regarding buying and selling property in France to both corporate clients and individuals, whether you wish to buy a ch?teau, farmhouse, flat or ski chalet.
- We draft or review the preliminary contract - Compromis de Vente/Promesse de Vente - a binding agreement between buyer and seller, subject to conditions suspensives or "clauses suspensives", e.g. obtaining a mortgage.
The French have introduced a 7 day cooling off period should you change your mind.
- We carry out the searches to ensure that the property sold matches the title deeds, that the seller is the owner
- We can prepare and witness a power of attorney if you do not wish to go to France to attend the completion
- We help you through the final stage of signing the Acte de Vente.
The costs vary on whether you are buying new, existing or leaseback property. You should expect to pay 8-9% of the purchase price.
You can buy the property in your name, in joint names, in the name of your adult children or through a French company SCI.
Please discuss this with our French department who are happy to help you with regard tax saving issues depending on particular circumstances.
Lease-back investment enables you to buy the freehold of a new or totally rebuilt property saving French VAT (TVA) of currently 19.6% and having most of the mortgage paid for you. You immediately let the property back to the developers on site management company who then sublet to tourists over a period of usually a nine years. The rental income is guaranteed.
Contact our French department for further information.