France Property Taxes

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France Property Taxes

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FAI Next to a Property Sale Price?

FAI explained

When you see property for sale in France you may see FAI beside the sale price in an agency window. FAI is an acronym that means ‘frais d’agence inclus’ that is agency fee included.

Make sure the price with the agency is TTC. TTC is an acronym that means ‘toutes taxes comprises’ all taxes included. This is important since GST or VAT known as TVA in France, the tax on services is 19.6 percent at this moment and may soon change to 20 percent. So you don’t want a huge tax surprise when you calculate the purchase price of your new property in France.

Note: typically, if the agency fee is included in the price advertised this means that the seller is paying the agency fees.