Real estate in France to impose an additional tax

Real estate in France to impose an additional tax

The French government has adopted a legislative amendment, under which landlords who give premises less than 14m ² for the amount of 30-45 euros / m ² (depending on the zone), and more, will pay an additional annual tax. Changes will take effect from 1 January 2012.

Tax will be levied an apartment with furniture or without, dealt to for more than nine months in areas where demand exceeds supply, such as in Paris. The rate for furnished studios will be a maximum of 10% and will vary depending on the zone.

Government Regulation must be reviewed every three years. The document contains a list of sites which will be levied a new tax.
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In Paris, 92% of studios ranging from 9 to 13m ² shall be more than 40 euros / m ² per month. Among the flat, from 13 to 17 m ² at a price 63% of the leased facilities.

She said France's housing policy apparatus Benoit, in Paris alone, there are 20 289 flats of less than 13m ², which represents 40% of the total number of studios in France.