SUMMARY OF FRENCH TAX CHANGES IN 2012 - PART 2

A summary of the main tax changes introduced in France in 2012

20/01/2012
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SUMMARY OF FRENCH TAX CHANGES IN 2012 - PART 1

 A summary of some of the principal tax changes in 2012.

12/01/2012
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LATEST NEWS: SCELLIER AND CENSI-BOUVARD TAX-SAVING INVESTMENT SCHEMES

The Government, in its latest 2012 austerity plan, has just announced the abolition of the main tax-saving investment scheme known as Scellier. This scheme gives rise to an income tax reduction for investment in new-build property associated with a 9 year lease for property situated in certain geographical areas.

17/11/2011
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MODIFICATION OF THE INHERITANCE AND GIFT TAX SLIDING SCALE

As of 31st July 2011, the inheritance tax sliding scales have been modified. The modifications essentially concern the raising of the top rate from 40% to 45% for inheritance or gifts between ascendants or descendants, as well as for lifetime (inter vivos) gifts between spouses or PACS partners.

15/11/2011
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THE FRENCH AUSTERITY PLAN AND ITS IMPACT ON THE PROPERTY MARKET

On 7th November 2011 François Fillon, the French Prime Minister announced the French austerity plan intended to make budget savings and which includes the following measures described in this article, along with an analysis of the possible consequence on the property market

08/11/2011
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CAPITAL GAINS TAX REFORM: MODIFICATION OF TAPERED RELIEF RULES

The second Rectifying Finance Law for 2011 (Law of 19th September 2011) has reformed capital gains tax by modifying the rules applying to tapered relief.

22/09/2011
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WEALTH TAX REFORM

Rectifying Finance law for 2011, Law of 29th July 2011: Wealth Tax Reform

22/09/2011
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REPORTS ON DRAINAGE INSTALLATIONS: OBLIGATORY IN THE EVENT OF SALE

This article details the modifications made to the Water Law of 2006 concerning the obligation to provide a report on non-collective drainage installations upon the sale of real estate property.

30/03/2011
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ENERGY PERFORMANCE REPORT (DPE): OBLIGATION TO DISPLAY

Summary of the new obligation to display the energy performance classification on all property sales advertising.

17/03/2011
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COMPASS IMMOBILIER OFFERS A NEW SERVICE – FORMAL PROPERTY VALUATIONS

Compass Immobilier is now able to provide formal property valutations required in the context of gifts, division, ownership, sale, inheritance, divorce, wealth tax (ISF) etc.

01/03/2011
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FINANCE LAW 2011 - TAX CHANGES (PART 2)

This article summarises the changes in tax rates and allowances regarding capital gains tax and wealth tax following the Finance Law for 2011.

01/03/2011
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FINANCE LAW 2011 - TAX CHANGES (PART 1)

This article summarises some of the changes in tax rates and allowances which have been introduced following the Finance Law for 2011.

24/02/2011
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Our Picks
This beautiful Chateau is situated in the quiet countryside on the outskirts of a small village not far from Plaisance du Gers and Marciac with its famous Jazz Festival. The Chateau itself is very handsome with clean symmetrical lines and comes with an equally handsome pigeonnier, plus an L-shaped guardian's cottage with attached barn and a separate stable block. We understand the property was bought in the early 80s more or less as a ruin and was completely renovated to the highest of standards. Where possible original features were saved and restored or when necessary substituted with suitable period replacements. There is good quality flooring throughout either in wood or tomette tile, a magnificent stone staircase and there are little patches of trompe l'oeil painting. Many of the rooms have silk lined walls, many have panelling and most have period fireplaces. Sadly however the property is no longer inhabited and needs a new owner to come along and restore it to its former glory. At nine bedrooms and with a habitable surface area of 650m², the property is large but not too large, and it will make someone a wonderful family home.  
Ref: GFP1018-XML
EUR 892'500
 
This working vineyard, situated in the heart of an internationally recognized 'AOC' labeled wine producing area, is being sold as a complete entity, including nearly 4 hectares of vines, a house and the outbuildings which include the vinification hall and wine cellars. It is being sold with all of the equipment, as well as the commercial production and marketing arm of the vineyard. The wines produced by the vineyard have received critical acclaim. The vineyard applies organic principles (although the production is not labelled organic) with limited mechanical intervention, the grapes being harvested by hand. The dwelling, of a total of approx. 254 m² habitable surface area, is comprised of 4 bedrooms, 2 bathrooms, study, living room, kitchen and dining room. Heating by geothermic central heating and reversible air conditioning in the bedrooms. Adjoining the house is a two-storey stone outbuilding (approx. 240 m² on both floors) which could be converted into a wine tasting room or as an extension to the house. The outbuildings are largely dedicated to wine production and include the winery housing the vats (approx. 143 m²), a two-storey storage barn (approx. 242 m²) and 3 wine storage and ageing cellars totalling approx. 190 m². The hot water production for the vineyard is also geothermic. There are nearly 4 hectares of vines situated on gently sloping south-facing hillsides with Pyrenean views. The grape varieties are Tannat and Cabernet Franc on approx. 32,247 m² and Gros Manseng and Petit Manseng on approx. 6,024 m². The land, totalling 44.947 m² (4ha49a47ca), includes the vines and garden. There is a well with automatic watering system for the garden.   
Ref: 2075-XML
EUR 660'000