houses for sale with property

houses for sale with property
If you renovation work on a property in France, you should be aware of a tax concession to help you reduce the VAT on materials from 19.6% to 5.5%, so you can save 14.1%. On minor may not seem much, but do if you have a major renovation of 50 000 euros for your property, you will save more than 7 000 euros, by simply using.

Under French tax law, sales tax (the know how TVA in France) is 19.6% on most items, including material to work on your house (such as construction, renovation or refurbishment work). However, if the work of a professional, all materials that he will be taxed at 5.5% instead of 19.6%. Therefore, rather than buying the materials and services separately, there is a strong financial benefit to the materials, the name of the professional do the work.

The best way to do this, first select the craftsmen who do the work and then, for him to buy the needed materials. If you do this, make sure that he is not a mark-up for this. In fact, since its trading discount, it should be the same or less for materials than if you purchase. If he does not agree, ask him if you can use the material, but under his company. If he does not agree to this, you can also search for someone else.

Please note that this discount is only available if the work of an approved professional or business secrecy. The quickest way to check this is to ask for their Business Registration Number (as in France SIRET) and to see their SIRET registration form.

You should also confirm that the work performed for the reduced rate. Almost all rehabilitation and renovation work is eligible, under certain restrictions. One of them is that the property must be at least 2 years old. Another reason is that they need a renovation, but as a complete reconstruction. The easiest way to confirm that you are qualified to discuss the work with your dealer and have him an estimate (devis as in France) to a rate of 5.5%.

To summarize, there are 3 major activities: make sure your work is for the reduced tax rate, ensure that your dealers are registered, ensure that the materials at cost price will be purchased under the name of the dealer. Then you have the lower tax rate.

It is also worth mentioning that this saving is worthwhile even for small projects. For example, if you bought a radiator for 200 euros and it installs itself, the total cost would be 239.20 euros (200 euros plus taxes of 19.6 percent). However, if you hire a plumber for 25 euros to install it for you, the total cost would be 237.38 euros (200 euros plus 25 euros, plus VAT of 5.5%). So it would be preferable to a professional to do the work as a do-it-yourself.

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