Drainage

Drainage in France

In many areas of France, especially in the countryside where mains drainage is not available, sewage has to be treated on site – usually a ‘Fosse Septique’ (Septic Tank). However a new law was passed in 1992 which gave responsibility for the overseeing and regulation of old and new waste water installations to the local communes, i.e. the Marie / town hall.

This law stipulated that all household waste liquids have to be processed by means of a ‘Fosse Toutes Eaux’. This is a treatment / filtration system that ensures only treated waste is released into the environment.

If buying a French property, ensure that you know whether or not the drainage complies with this law.

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Macron Law

Emanuel Macron, the French Economy Minister, has slipped in a sly clause in the decree that has been called the ‘Loi Macron’ to the effect that the 7 day cooling off period will be extended to 10 days after the compromis / preliminary contract has been signed. This is likely to slow down the conveyancing process. This law is now in force.

TAXATION IN FRANCE

On February 27, 2015: A decision of the European Court of Justice stated that non-resident property owners when selling their French properties will not have to pay the CSG and CRDS ( Social Charges) as they do not receive Social Security .  In short: the tax rate (before deductions) is down from 34.50% to 19%!

From January 2015 the obligation to have tax representation in France for non-resident Europeans no longer applies.

ECO FRIENDLY RENOVATIONS

GRANTS FOR ECO FRIENDLY RENOVATION WORK.

1. Up to €30, 000 free of interest to finance insulation works.

2. Income tax relief until 31st December. Owners of a main residence can deduct 30% of works undertaken to save energy (materials).

3. Special rates for certain bank loans for renovation work.

4. Special loans by certain suppliers (EDF, GDF, Total, also Leclerc, Carrefour, Auchan ….).

6. Grants by Anah (national habitat agency) for lower income groups.

7. Grants by local authorities on an ad hoc basis.