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Buying property without usufruct


Buying a property without usufruct shall enable a lower cost patrimony.

  • The principle of buying property without usufruct 

    • You buy the bare ownership of an apartment whose usufruct is acquired by a third party for a period between 15 and 20 years depending on the market programs.

  • The advantages of buying property without usufruct

    • An attractive price: Buying property without usufruct allows you to build a property portfolio at lower costs, a discount on the purchase price of around 40% compared to the same property acquired outright.

    • The absence of burden on the owner of property without usufruct: The usufructuary is responsible for giving the property rental and ensures, in principle, maintenance of the building (private and common).

    • Full ownership without charge or tax on exit: After the dismemberment period, you find the full ownership of the property without a euro more to pay.

    • Tax reductions its land revenues: During the entire period of the dismemberment, the operation has no impact in terms of income tax to the extent that you do not cash rents residential property leased.

    • Reduce the ISF base: The usufructuary must declare the property as a taxable estate, provided it is subject to the ISF. It is then liable to wealth tax on the full ownership of the property. Throughout the period of dismantling, the bare owner does not have to be taken into account to assess its taxable assets to the ISF.

    • Submit to minimal tax: If you want to transmit to your heirs , to the extent that only the bare ownership be sent to them, the gift tax will be calculated only on the value of the latter.

See also


Notaire's rate


French property market report / N°31