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Each of the 101 “départements” in France may choose to increase the stamp duty (“droits de mutation”) on property transaction from 5.09% to 5.80% as of the 1st of March 2014.
January 2015 update: please read the latest update for a list of the very few “départements” which have not increased the stamp duty: “where stamp duty has increased from 5.09% to 5.80%, latest update at January 2015”
Please read our previous post “French stamp duty to rise from 5.09% to 5.79% as of 1st of March 2014” As per today:
- 7 “départements” have decided not to increase the stamp duty: Isère, Loire, Mayenne, Morbihan, Paris, Yvelines, Vienne
- 13 “départements” have not taken any decision, probably postponing their decision after the town hall election. Most of them are likely to increase the stamp duty from the 1st of June 2014 onward: Bouches-du-Rhône, Corse-du-Sud, Haute-Corse, Indre, Landes, Loire-Atlantique, Puy-de-Dôme, Saône-et-Loire, Seine-Maritime, Val-d’Oise, Martinique, Guyane, Mayotte
- 13 “départements” will increase stamp duty from the 1st of April 2014: Aisne, Hautes-Alpes, Calvados, Cote d’Or, Manche, Meuse, Moselle, Rhone, Savoie, Vendée, Haute-Vienne, Seine-Saint-Denis, Val-de-Marne.
- 68 “départements” have already increased their stamp duty since the 1st of March 2014 (see the list below).
If you recently signed off a preliminary acquisition contract (“compromis de vente”*) in one of the “départements” listed in 2/ or 3/ you should contact your “notaire” to see how you could speed up the signature of the final contract (“acte de vente”) before the increase of the stamp duty, as for each Euros 100 000 of transaction, the “notaire fees” will increase by Euros 700 after the stamp duty goes up. For further information on acquisition costs when buying property in France, please read our post issued last August “Buying a property in France: “notaire” fees and acquisition costs”. You can also read our post on “compromis de vente”: Buying or selling property in France: “compromis de vente” or “promesse de vente”? and also our recommendation for buying a second home in France: “Checklist before buying property in France”