The purchaser of land having taken

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

The situation

The purchaser of land having undertaken to build within a period of four years in order to benefit from the exemption from transfer duties provided for in Article 691 of the General Tax Code, the judgment which, in order to annul the notice of reassessment served on that purchaser by the tax authorities, merely stated that works had been carried out since the foundations had been laid and walls raised, is liable to be quashed, whereas it follows from the provisions of Articles 691 of the General Tax Code and 266 bis of Annex III to the same code that the buildings must have been completed and not merely commenced within the statutory period.

What the law says

This decision confirms the fundamental principles of property law.

Key points to remember

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

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