Forfeits the benefit of the reduced rate

This decision provides important insight into your real estate law. Here is what it changes for you.

The situation

The purchaser of real property who, within the period provided for by Article 710 of the French General Tax Code, uses that property for a professional activity forfeits the benefit of the reduced rate of the land registration tax; the absence of receiving clients, suppliers or other persons interested in the exercise of the profession in question at the premises in dispute is not of a nature to exempt the purchaser from such forfeiture.

What the law says

This decision confirms the fundamental principles of property law.

Key points

• Strictly comply with the statutory time limits for appeals
• Keep all your supporting documents (title deeds, deeds, correspondence)
• Anticipate: preventive advice always costs less than litigation

For an analysis of your situation: 30-minute consultation at €45 with Maître Zakine.