Tips for French Property Renovation

The process is notoriously lengthy - between an individual and four months - so be ready for a long wait concerning submitting your proposal, receiving a resolution and beginning work on your new home. It is useful to know that you may well also be capable to benefit from one of several grants available. The sum you will be granted depends on that category into which your building falls; for case, for buildings listed since "monuments historiques", while there is in theory no limit to the amount which you could request, around 35% of the price tag on the renovation work will generally be covered by the state. It positive cases, however, this figure can be as high as 50% - for example, for an owner with limited income. For buildings included relating to the "inventaire supplementaire des monuments historiques", you can you will be granted on average around 15% of the total cost of that renovation. As with structures classed as monuments historiques, in certain cases this figure can rise to around 30%. The maximum sum that could be awarded is 40% with renovation costs. In each of those cases, the owner must fund at least 20% of works - quite simply, the grant must not be higher than 80% of the entire cost. Normally, you will receive the cash as the works progress - you will find yourself reimbursed upon submission of invoices that you have paid. In order to get into these grants, you should contact the Direction regionale des affaires culturelles (DRAC).

In conclusion, buying and renovating some sort of historic building in France is possible regardless of the your budget - the idea just requires careful thought and planning.
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In France, sales tax (known as VAT in the uk or sales tax in the usa) is called TVA, which means Tax on Value Added (or inside original French: Taxe sur la Valeur Ajouté e). It can be set to 19. 6% (applicable to most goods and services) and also 5. 5% (applicable to some goods and services).

TVA (VAT) on French Property Renovations & Extensions

If you're buying a property with France, you should take into account that materials and labour costs for renovations or insignificant extensions  is taxed with 5. 5% instead of 19. 6% provided that this following three conditions are generally met:


  • The house is at least  24 months old. If you house is just under  2 years aged, you may wish to wait a couple of months until it crosses the  two year threshold, lowering ones tax rate from 19. 6% to 5. 5%.

  • The renovations are generally minor to medium in size. If your property must have major renovations, it may be worth staging this into separate smaller renovations after a while, in order to enjoy the reduced tax rate. Individual jobs performed within a 2 year period may very well be as a single item, so major items ought to be staged to occur a lot more than 2 years apart avoiding the 'major renovation' patience.

  • The work is done by a registered deals person. It is advisable to get the person doing the work supply a written estimate (known in French as a 'devis'), which ought to show their TVA sign up number. French Property for Sale, French Property for Sale, Houses For Sale In France

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