Will the 3 partners be exempt from real estate capital gains? No. Capital gains realized on the sale of the main residence of the seller on the day of the sale are exempt (article 150 U, II-1° of the General Tax Code). When the property is held through a company…
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No . The law does not impose a maximum age for selling a life annuity; on the other hand, this sale supposes a hazard, based on the lifespan of the seller. If it is shown that the purchaser, when signing the contract, could not ignore the high probability of the…
No. The law provides that discontinuous and apparent easements, such as a right of way, can only be acquired by a deed (i.e., a title of ownership) and not by thirty-year prescription (Article 691 of the French Civil Code).
The law is silent on this matter. Therefore, it is advisable to specify the allocation of charges in the sale agreement. For example, if the life annuity is occupied, it may be agreed that the annuitant (i.e., the seller) will bear all the charges related to the property (such as…