Reduced conveyancing fees for buying your house

06.16.2017

­The Notaire’s fees paid by the buyer when buying a home include :

  • the cost of certain administrative documents,
  • the payment of the Notaire’s office fees (largely proportional to the selling price according to a new scale applicable since 1 May 2016)
  • and most importantly the taxes and dues (approximately 7% to 8% of the selling price ordinarily).
     
  • In what cases can the notary fees be reduced?

    • French notaire's fees will be reduced in the event of acquisitions of new housing, that is to say of housing sold by the builder-developer, either prior to completion otherwise called "sale on plan" or any just completed and have not yet been inhabited.

    • In this case, the seller being be subject to VAT, the selling price stipulated TTC. Thus, the notaire's fees are lower because they are limited to the cadastral taxes and emoluments of the notaire.

  • What are the consequences on costs?

    • The consequence of this VAT treatment on the price is that taxes and taxes payable by the buyer are not more than about 8%, but only about 2% to 3%. The other costs are unchanged. This is known as reduced fees.

    • Note that since 1 January 2013, a resale home for the first time within 5 years of completion is no longer considered a new home benefiting from reduced fees. The buyer must pay the notaire's fees in the former.

  • Find a notaire

    • Find the details in the Directory of Notaires of France.
      Real estate and tax specialist, your notary is at your disposal to help you.

See also
05.09.2016
Notaire's fees
29.11.2016
The letter of the notaries of France in the world / November 2016
25.01.2017
French property market report / N°34