Although it hasn’t felt like it, because we have had such gloriously warm and sunny September, autumn is officially here! October is a special month in my household because it’s my son’s birthday and also Halloween which my very French husband has officially and fully adopted as his favourite annual event (the children rather like it too)! However I feel that two topics that must be covered this month are taxe foncière which needs to be paid by 15th October and of course banks.
Taxe foncière is a tax paid by property owners on the 1st January of each tax year. Note that it is paid by the owner not the occupant and applies to both buildings (houses or apartments) and land (agricultural or constructible).
If you sell your property or land, the tax liability for that year is apportioned to each party, by the notary, according to the timing of the sale.
You may qualify for an exemption if:
- the property is a new construction used as a main residence (the exemption is for 2 years)
- you are in receipt of disability allowance
- you are in receipt of old age allowance
- you are over 75 (depending on level of income)
The tax office may also allow an exemption for unoccupied property which is habitable and normally rented, provided that:
- it is unintentionally unoccupied
- it is unoccupied for at least 3 months
- part or all of the building is unoccupied
However, as the tax reduction is not automatically granted, you have to apply for it and demonstrate that you qualify (with reference to the specific points above).
For more details on the taxe foncière please read the rest of my article on our website HERE.