Sunday, 29 September 2013

Busserolles (24) - For sale : A stone built coach house & adjoining barn to renovate

An old stone built coach house and adjoining barn to renovate – set in tranquil countryside with open views and no near neighbours.

This type of property is hard to find these days and represents an exciting opportunity to transform a former coach house with a large attached barn into a fantastic family home.

The property originally belonged to the local manor house and it was both where their coach and horses were stabled and where servants would have lived.

The condition of the buildings themselves is very good – the walls and roofs are all in great condition leaving the interior as a blank canvas to create your own dream home. The current owners have had architect’s plans drawn up for a four bedroom property with a large rear terrace to take advantage of the amazing views. Water and electricity are already supplied to the house.


Saturday, 14 September 2013

Social Charges on French CGT - an update

We have previously commented upon the illegality of France’s stance on imposing social charges on Capital Gains Tax, (and other forms of income), for non-residents.

Now, the European Commission has started “infringement” proceedings against France because of the imposition of social charges on the property income of non-residents.

In a recent test case, a Swiss couple have won their case against the French Government, after they had been charged the higher rate of tax + social charge on their sale of a ski property. They believed that under European law (Article 56 on free circulation of capital) they should have been entitled to the lower rate, and so they sought a reimbursement of the overpaid tax, which was subsequently refused by the French tax authorities. This has now been overturned in their favour, and the French court has been judged discriminatory the imposition of a higher rate of capital gains tax on a non-resident.

In a previous landmark judgement in February 2000, the European Courts confirmed that individuals should only be required to pay social charges in the country in which they were resident. This judgement was ignored by the French Constitutional Council.

Since 2012, non-residents with property in France have been liable for these social charges (prélèvements sociaux) on the capital gains from the sale of property / real estate and also rental income.

The rate of capital gains tax on the sale of property / real estate in France differs according to whether or not you are EEA resident. For those who are resident in France or another country of the EEA, the basic rate of tax is 19% at present, and for those outside of the EEA the rate is 33.3%. In addition to this basic rate France is adding the social charges at the rate of 15.5%.

In a recent reply to a question from a MEP, the Commission stated that "the French authorities have been consulted on the conformity with European law of the extension of CSG and CRDS on the property income received by non-residents. After a deep analysis of the response of the French authorities, the Commission are of the opinion that social levies on unearned income are allocated specifically and directly to financing social security in France and therefore have a sufficiently relevant link the laws of the branches of social security within the meaning of Article 3 of Regulation (EC) No 883/2004. An infringement procedure has been opened and a letter of formal notice is being prepared."

In the meantime, those who face liability to these charges will continue to be obliged to pay them, although they are equally entitled to contest the charge through the formal complaints procedures, and ultimately lodge an action in the French courts.

Friday, 13 September 2013

Villars (24) - For sale : A beautiful, detached 3 bed cottage with lovely gardens

For sale at a newly reduced price and offering excellent value for money is this beautiful, detached 3 bedroomed cottage with lovely gardens and views on the edge of a village in the picturesque Perigord Vert.

 This light and airy property has been extensively renovated and is presented in excellent condition. There is a centrally controlled electric central heating system although the current owner rarely uses it as two wood burning stoves keep the house toasty and warm in the winter. As an added bonus there is a large loft space with excellent head height making it perfect for conversion into additional living space.
It is a short walk into the village which has a boulangerie, a bar, a general store, a post office and a top class restaurant. Just outside the village is the magnificent Chateau de Puyguilhem, built in the 16th century and inspired by the great chateaux of the Loire valley. The village is well placed for towns such as Brantôme and Thiviers whilst the international airport in Limoges can be reached in just 50 minutes.
Price 224,720 €  Floor plans available

Wednesday, 4 September 2013

Busserolles (24) - For sale : 4 bed bungalow - walk to the shops. Exclusive mandat

A well-maintained four bedroom bungalow situated on the edge of a delightful village with a bar and boulangerie.

Located on a small cul de sac of ten individually designed properties, this bungalow has been maintained in perfect condition by the vendors who have owned it since it was built. Whilst the internal decoration may not be to everyone’s taste and style, the property is in impeccable structural condition and all the external woodwork, including the double glazed windows, has been regularly treated to maintain it in excellent condition.
It is a short walk into the centre of the village which has a bar/restaurant and a boulangerie. The town of Piegut-Pluviers, with its famous Wednesday market selling fresh, local produce, is less than 10 minutes drive.

Sunday, 1 September 2013

Perigord - For sale : Truly stunning Renaissance Château set in almost 20 ha PRICE: 4,400,000 €

In the heart of the Black Perigord, this truly magnificent Château with a majestic view, will seduce you with it’s near 1,000 m² of living space, the spacious reception rooms, ten bedrooms, the swimming pool, a caretaker's house, and the outbuildings, all established in a beautiful park.

This elegant chateau overlooks a superb valley and River Dordogne from it’s elevated spectacular hillside position on a protected historical site. It has been built on older foundations, but this meticulously maintained Renaissance property has beautiful features, including mullioned windows, a round tower, a corbelled tower, and is surrounded by an estate of over 19 hectares.

The grounds include two terraces, a swimming pool area and walkways which provide a true Château experience with magnificent views to enjoy over the valley.

The Château has a living area of 950m², with some 20 principal rooms including a large salon, a really beautiful library, a formal dining room, 10 bedrooms and 6 bathrooms.

There is a 5 bed guest house - recently renovated, with a good living area of 200m², plus a caretaker’s House, stables, & outbuildings.

With its exceptional setting, this magnificent historic property combines modern day comforts with original period features. Full details available to serious parties upon request, plus a complete portfolio of photos. Convenient for Brive airport, and also the A20 autoroute.