Stamp Duty

[Evianers]

Apparently stamp duty on purchases of houses is to rise by 15% next year, 2014

"to plug a hole in the finances" - well, any excuse. Just right in a falling-house-prices market!

[Pickles]

Is this the rise from 3.8% to 4.5% for the "droits de mutation"?

So: next year there will be an increase in the rate of rebate of gains on second homes, and a special one-off reduction of 20% in the gain taxable, but and increase in the droits de mutation .... Hmmm, what one hand gives, the other tries to take away.

[Evianers]

here's where I read about this topic.

http://www.french-property.com/news/tax_france/stamp_duty_rise/

[NormanH]

Why do newspapers like that use the phrase 'Stamp Duty" which isn't French and might not be exactly the same thing?

[idun]

I agree there NormanH, this is just the frais de notaire that like so much, has gone up a bit, hasn't it?

[Pommier]

I thought when I first looked that it must be Stamp Duty that had gone up in the UK, because there isn't Stamp Duty here! How confusing.

[idun]

In general, isn't stamp duty a lot less than the frais de notaire????? Which is the french way of taxing property sales.

[Rabbie]

[quote user="idun"]In general, isn't stamp duty a lot less than the frais de notaire????? Which is the french way of taxing property sales.

[/quote] Surely frais de Notaire isn't just the equivalent of Stamp duty. It is also covers the money paid to a solicitor or conveyance who prepares the documents in the UK.