HomesGoFast.com report "French property tax law has changed and may boost French property sales that include real estate that is need of renovation.
Non-professional private individuals who are not registered for TVA will no longer be subject to TVA @ 19.6% (French equivalent of VAT in UK taxed @ 17.5%) when they sell a property which they have extensively renovated themselves (i.e. more than 70% of the construction is new), or transformed a barn into a home changing its designation therefore creating a new home, or built their own home from scratch."This is encouraging news for DIY projects. It should help to invigorate property sales in France.
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