Buying a Property in France After Brexit: 2021 Onwards

 

Essential Reading

Buying a Property in France After Brexit: 2021 Onwards

The UK has officially left the EU and the Withdrawal Agreement is now in effect, but what does this mean for future France property buyers? Brexit won’t prevent British people retiring to France or purchasing a second home in France, but there are still some changes to take into consideration. Here’s what you need to know about buying a property in France after Brexit.

Can British Buyers Still Get a French Mortgage After Brexit?

Yes! Although Brexit will affect your rights to live, work, and travel in France, it won’t affect your right to purchase or own property. Plenty of Australians, Americans, and other non-EU citizens already own property in France.

There is no reason that British buyers will have difficulty getting a French mortgage after Brexit either. While 100% mortgages are only available for French tax residents, EU nationals benefit from LTV mortgages of up to 80%-85%. A big question post-Brexit was whether or not British buyers would still be able to benefit from these rates or whether they would now be restricted by the maximum Loan-to-Value for Non-EU Nationals (which is 60%).

The good news is that despite what you may have heard, this has not been affected by Brexit. Brits can still get 80%-85% mortgages and Brexit hasn’t impacted the amount of deposit a Brit borrower needs either.

Will Brexit Affect Taxes and Inheritance Laws?

Brexit actually won’t change much in terms of buying a property. As a non-resident, you will not be liable for any additional taxes, and if you choose to rent your French property, any income will still be covered by the France-UK double tax treaty (meaning you will only be taxed on income in your country of residence). Brexit also won’t affect your UK Will or French inheritance laws.

Moving to France After Brexit

From 2021 onwards, British people no longer have the right to freedom of movement within the EU. That means if you want to retire or move to France, whether permanently or for a period of more than 90 days (the maximum length of visit for Brits travelling to France after Brexit), you will need to apply for a Long-Stay Visa Serving as a Residency Permit (Visa Long Séjour valant Titre de Séjour or VLS-TS).

Each VLS-TS application is assessed individually, and being a French property owner will not automatically grant you the right to residency. However, assets are taken into account, so it may help your application, especially if you own your French property without a mortgage.

Selling Your Property in France After Brexit: Capital Gains Tax

If you are resident in France and your French property is your main residence, Brexit won’t affect selling your property. However, for second-home owners resident in the UK, this could make a big difference.

EU exemptions no longer apply to UK owners from 2021, and this means two changes, both of which could be costly. First, you will be required to use a French Fiscal Representative (représentant fiscal) if you wish to sell your French property. Secondly, you will be liable to pay the full rate of France’s social surcharges (prélèvements sociaux) – 17.2% compared to the reduced rate of 7.5% for EU residents

Keep checking this page for the latest news on buying a property in France after Brexit or head to our Brexit zone to learn more about living, travelling, and property in France from now on. 

Share to:  Facebook   Twitter   LinkedIn   Email

More in brexit, french tax, rental income

Previous Article 4 Things You Missed in FrenchEntrée’s Buying Post-Brexit Webinar
Next Article News Digest: Vaccinations Update

Related Articles


Leave a reply

Your email address will not be published. Required fields are marked *

Comments

  • Luna
    2021-08-02 12:13:56
    Luna
    Thank you so much for sharing this valuable information with us. Are you stuck with Editing Bank Statements or Credit Card Statements?/ If you need help with Editing Bank Statements or any other documents, we can help you with it. -- Any US or UK Bank Statements, Pay Stubs, Payslips, T4, W-200 or any other documents editing can be done. -- Quick turnaround, most within 24 hours -- Over 12 years experience helping individuals and businesses fix their papers! ---- Fast and discreet - email or call for a discussion. Quickly get editing services for Bank Statements, Paystubs, Payslips, Form W-200 or T4 Slips. Offering a 15% discount on Bitcoin payment. LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true Call / Message on WhatsApp : +1 914 274 8666 Contact: (+1) 914 202 3836 Email: [email protected] Website: http://editingbankstatements.com

    REPLY

  • Lucy
    2021-08-02 12:10:11
    Lucy
    Thank you so much for sharing this valuable information with us./ Are you stuck with PDF Bank Statements or PDF Credit Card Statements? If you need help with Bank Statement PDF Edit for proof of income or proof of address, we can help you with edits. -- Any PDF edit for US or UK Bank Statements, Pay Stubs, Payslips, T4, W-200 or any other documents. -- Quick turnaround, most within 24 hours -- Over 12 years experience helping individuals and businesses fix their papers! ---- Fast and discreet - email or call for a discussion. Quickly get PDF editing services for Bank Statements, Paystubs, Payslips, Form W-200 or T4 Slips. Offering a 15% discount on Bitcoin payment. LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true Call / Message on WhatsApp : +1 914 274 8666 Contact: (+1) 914 202 3836 Email: [email protected] Website: http://bankstatementpdfedit.com

    REPLY

  • Emily
    2021-08-02 12:04:57
    Emily
    Thank you for sharing this valuable information. I would definitely recommend it to others. So guys; Do you want to edit the Bank Statement PDF or any other document? These guys saved me from a lot of trouble./ You can contact them at any time. -- Any Statements from any US/Canadian Bank can be changed. -- Quick turnaround, most within 24 hours -- Over 12 years experience helping individuals and businesses fix their papers! ---- Fast and discreet - email or call us for a discussion. Get professional help if you want to edit PDF for Bank Statements, Paystubs, Payslips, Form W-200 or T4 Slips. Offering a 15% discount on Bitcoin payment. LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true Call / Message on WhatsApp : +1 914 274 8666 Contact: (+1) 914 202 3836 Email: [email protected] Website: http://bankstatementpdf.com

    REPLY

  • Ellie
    2021-08-02 11:57:47
    Ellie
    This is a really wonderful post./ I would definitely recommend it to others. Problems with your Bank Statements or other documents? Do you want to change Bank Statements? -- Any Statements from any US/Canadian Bank can be changed. -- Quick turnaround, most within 24 hours -- Over 12 years experience helping individuals and businesses fix their papers! ---- Fast and discreet - email or call us for a discussion. Get professional help if you want to change something in your Bank statement, Pay stubs, t-4 slips . Offering a 15% discount on Bitcoin payment. LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true Call / Message on WhatsApp : +1 914 274 8666 Contact: (+1) 914 202 3836 Email: [email protected] Website: http://changingbankstatements.com

    REPLY

  • Charlie
    2021-08-02 11:50:10
    Charlie
    I would definitely recommend this to others. Problems with your Bank Statements or other documents? We can edit scanned documents like Bank Statements, Paystub, Pay slips, Credit Card Statements or any other document for you. -- Any Statements from any US/Canadian Bank can be fixed. -- Quick turnaround, most within 24 hours -- Over 12 years experience helping individuals and businesses fix their papers!/ ---- Fast and discreet - email or call us for a discussion. Contact us for further details. Offering a 15% discount on Bitcoin payment. LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true Call / Message on WhatsApp : +1 914 274 8666 Contact: (+1) 914 202 3836 Email: [email protected] Website: http://editscanneddocument.com

    REPLY