Stamp Duty?

[St_Jacques]

Have just read in latest ed of 'Place in the Sun' magazine, that if a property is over five years old we have to pay 6% in stamp duty.
This is the first I've heard of having to do that and we are now getting a bit worried if we will be able to find that extra money. We are hopefully going to complete next month.

So is this right? And if we do have to pay when is it due and who is it paid to etc?

Many thanks

St. Jacques

[BJSLIV]

Some agents talk of a price FAI (Frais Agence Inclus) which means that the price they show includes the house and the agents fees but not the notaires fees. The notaires fees include all the fees, taxes and duties, and typicallly amount to 6% to 8% depending on the value and location of the property. Fortunately you will have already been made aware of these legal fees so you won't need to budget for any further costs.

Some agents, especially agents aiming at non-french buyers,advertise an all inclusive price, which then includes the notaires fees , including stamp duties.

Either way by this stage you will already be aware of all the purchase costs involved, so you won't be hit with any more costs than you have already budgeted for, until the repairs start......