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Buying additional property - impact on taxe fonciere and taxe d'habitacion


Owens88

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Hi

We are considering the acquisition of another property within our co-prop. Its a bit of a wreck at the moment and uninhabitable I guess. Its also a lot lot smaller than ours.

Once it is habitable what will be the effect on our taxes (hab and fonc) ? Will it be a sort of proportional increase (based on sq metrage or assessed rental value or something)?

 or

Would it be a complete additional tax account, and is there a minimum below which these bills don't fall ?

Thanks

John

p.s. we are not resident in France.

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OK thanks.

Sorry to labour the point but if the new property is about a quarter the size/value of the existing one would I be right to anticipate my buills giung up by about a quarter ?

I supose I am being fearful of the additional property generating a set of tax billls in its own right and that there would be a substantial minimum amount  before the 'size/value' thing really kicks in.

John

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So if it is currently a separate property, are you intending to incorporate it fully into your existing residence?

Bearing in mind that the taxes are based on the rental value , it would all come down to the perceived impact of combining the two properties. I would guess that one large property would have a lower value than combined rent of the two smaller ones. But it does appear that merely reviewing (out of date) assessments can have the effect of increasing the taxes, simply because improvements over the years are picked up.

If on the other hand you  are simply intending to renovate and perhaps rent it out as a separate unit it is likely that the smaller unit would have a higher level of charges than a simple pro-rata assessment might suggest.

 

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