French stamp duty increased by 0.71%

French stamp duty increase March 2014Buying a property in France? Then it’s worth being aware that French stamp duty, or taxe de publicité foncière, increased by almost 1% on 1 March. Find out more about the change and which regions have opted out.

The increase of 0.71% is applied to the sale price of all completed purchases (actes authentiques) that take place from 1 March 2014. The rise only affects properties built at least five years ago (a lower rate applies to newer properties, which hasn’t been changed).

A temporary rise?

The extra money generated from the increase will be going to local councils, forming an important part of their budgets and compensating for reduced government grants.

It’s expected to be a temporary rise until at least February 2016, however it could be made permanent.

How stamp duty is calculated in France

When buying a property in France, the total cost owed is based on the purchase price and includes tax (national and local), costs and notary fees.

The amount owed in tax and fees is applied on a sliding scale with the more expensive properties paying a lower percentage.

For example, if you buy a property that costs €90,000 you pay 9.07% of the price in tax and fees (approximately €8,170). A €450,000 property attracts a bill of €33,000 (7.33%).

Stamp duty changes from 1 March

This table provides a rough estimate of the frais de notaire that you could expect to pay when buying a French property (source: Barème Langloÿs).

sale price Fee Stamp duty Percentage
€60,000 €2,250 €3,840 10.15%
€90,000 €2,530 €5,640 9.07%
€120,000 €2,800 €7,340 8.52%
€150,000 €3,080 €9,220 8.20%
€230,000 €3,820 €14,000 7.74%
€300,000 €4,470 €18,180 7.55%
€380,000 €5,210 €22,960 7.41%
€450,000 €5,860 €27,140 7.33%
€600,000 €7,240 €36,090 7.22%

Not a nationwide increase

Some regions of France have decided not to apply the increase:

  • Côte d’Or
  • Isère
  • Mayenne
  • Morbihan
  • Paris
  • Val d’Oise
  • Vienne
  • Yvelines

What to do?

If you’re buying a new property, contact your appointed notary (notaire) for the exact amount you’ll owe.

Published: 28 April 2014

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