Buying in Nice from abroad
Buying in Nice from Switzerland.
A buyer living in Switzerland purchases in Nice under French law, before a French notary. The house's guide covers the tax position and the procedure for the Swiss buyer.
The guide in brief
Switzerland occupies a singular position. On the capital gain from a French property, a seller affiliated to a Swiss compulsory social security scheme has been exempt from CSG and CRDS since 1 January 2019 and pays only a 7.5 % solidarity levy, where a resident of a third country pays 17.2 %. Yet exemption from appointing an accredited tax representative covers only European Union member states, Iceland and Norway: Switzerland, belonging neither to the Union nor to the European Economic Area, is excluded. Liechtenstein, though a member of the European Economic Area, is excluded too, for want of a mutual tax recovery convention. For the rest, the Franco-Swiss convention of 9 September 1966 allocates taxing rights without exempting French property from French tax. Every year, a pied-à-terre in Nice pays property tax and a council tax that Nice increases by 60 % on second homes; the wealth tax on real estate only applies above 1,300,000 € of net real estate held in France.
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