Frequently asked questions about Immobilier

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My wife has just passed away. We owned our primary residence. As part of the inheritance tax declaration, am I obliged to apply the 20% deduction on the principal residence of the deceased? ?

Yes. The General Tax Code provides, for the calculation of inheritance tax, that buildings are valued according to their real market value on the date of death. But, with regard to the main residence of the deceased, article 764 bis of the CGI provides for the automatic application of a…
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What majority is required at a general meeting of co-owners to sell a common area?

As a rule, acts of disposal must be adopted by a majority of co-owners representing at least two-thirds of the votes, unless the sale of the common area affects the purpose of the building or modifies the provisions of the co-ownership regulations relating to the building’s purpose. In such a…
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I am retired and have low income. Am I exempt from capital gains tax if I sell my secondary residence purchased in 2021?

Yes, subject to conditions. To qualify for an exemption from capital gains tax, you must meet all of the following conditions: You receive an old-age pension (retirement pension); You are not liable for the real estate wealth tax (Impôt sur la Fortune Immobilière – IFI); Your reference taxable income for…
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I wish to rent a parking space. The agency indicates that in case of termination, I must give three months' notice. If I am transferred for work, can I claim a reduction of this period?

No. The rental of a parking space does not fall under the provisions of Article 15 of the July 6, 1989, law on residential leases. You must therefore respect the three-month period provided in your lease unless it includes a clause for reducing notice in the event of a job…
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