Question 1

Why are notary fees lower for new builds?

Accepted Answer

For new builds, transfer duties are reduced to approximately 0.715% of the pre-tax price (land registration tax), compared to 5.80% for existing properties. This is because VAT (20%) is already included in the new build sale price and is paid directly by the developer. Notary emoluments remain calculated according to the same degressive scale. In total, notary fees for new builds represent about 2 to 3% of the sale price, a significant saving compared to existing properties.

Question 2

What qualifies as a new build property?

Accepted Answer

A new build property is one that has never been occupied and is being sold for the first time, either off-plan (VEFA) or a completed property less than 5 years old that has never been transferred. Properties sold off-plan automatically benefit from reduced fees. A property renovated to more than 25% of its value may also be considered new under certain conditions. The distinction is important as it determines the applicable tax regime.

Question 3

Can you get reduced fees for a renovated existing property?

Accepted Answer

In some cases, yes. If an existing property has undergone major renovation works (representing more than 25% of the property value) and these works are carried out by a VAT-registered professional, the property may be reclassified as new and benefit from reduced notary fees. This mainly concerns property dealer operations and complete rehabilitations. Consult a notary to verify if your purchase can benefit from this regime.

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