Exemption from notaries' fees: the questions raised by Eric Zemmour's shock proposal

"What do you intend to do concretely, and economically, to help the most precarious young people?"To this question posed by Andy, a young citizen of 20 years Thursday evening on France 2, the candidate for the presidential election Eric Zemmour provided an answer ... Original, even downright deemed "above ground" by his opponents.The former polemicist has indeed replied that for the first-time buyers (certainly often young) of accommodation at a price of less than 250.Euros, he wanted to abolish transfer duties, generally called "notary fees".A response that has surprised to say the least, even in his own camp."We discovered this measure at the same time as you yesterday," blows this Friday Philippe Izraelewicz, the leader of the new party "Reconquer" by Eric Zemmour in Ile-de-France."But yes, I confirm that the measure concerns all first-time buyers," he said.Including the elderly first.

>> A lire aussi - Un million de logements...Cedées free of charge: What is the shock proposal of Arnaud Montebourg worth?

We do not know if in the eyes of the young Andy, the answer appeared actually above ground or not ... and we will not extend to this aspect here.On the other hand, it is already possible to quantify the impact that Eric Zemmour's proposal would have on the buyers' portfolio.But also to apprehend the difficulties to which could collide the implementation of this measure which will be largely supported by the communities - departments in mind - which collect this tax.

>> A lire aussi - Supprimer les droits de mutation : l'intérêt d'ouvrir le débat

Up to 14.517 euros in savings for buyers ...

To fully understand, a little reminder of what the transfer rights are essential first of all.With each transaction of an old housing, the notary collects taxes, in addition to his emoluments.Maître Frédéric Violeau, notary in Caen, reminds us how these taxes are cut."Take the case of a house that would be sold 250.Euros, in Calvados.The total amount of the costs to be paid for the buyer when signing the transaction will be 19.300 euros ”, he begins.On these 19.300 euros, 14.517 euros correspond to the registration fees that Eric Zemmour wishes to delete for first-time buyers.“This represents 5.806% of the price of the property,” reports our notary.On these 14.517 euros, 11.250 euros (or 4.5%) go in the funds of the Calvados department, 3.Euros (or 1.20%) for the municipality, and the very small remains perceived by the State.To put it simply: a buyer, to whom the transfer duties are removed, can therefore hope to save a little less than 15.Euros if its accommodation is sold at a price less than 250.Euros.A hell of a boost is no doubt that!

Healthy Food How To Use Healthy Cooking Methy Healthy Food Kitchen: https: // t.CO/PUI3NH2IBI via @Youtube

— Healthy 007 Sat Nov 19 07:54:39 +0000 2016

… But almost 2 billion loss for communities

However, you will understand, this money earned by buyers is also money lost by communities.In the case above, the Calvados department will thus count 11.250 euros in less annual revenue, and the municipality 3.Euros.For Capital, the National Federation of Real Estate (FNAIM) carried out a first estimate of the total amount of taxes which could pass under the nose of communities, taking several plausible hypotheses on the number of sales less than 250.Euros qui seront réalisées en 2021 (628.About 000), on the proportion of first-time buyers among buyers (approximately 30 to 40%), as well as on the value of the goods sold.FNAIM thus estimates, according to its analyzes, at around 1.9 billion euros the shortfall of communities (municipalities + departments) if Eric Zemmour's measure had been applied this year.Of which about 1.5 billion lost only for departments.

"For departments, the impact would therefore not be negligible on revenue," reacts Thomas Rougier, the secretary general of the local finance and public management observatory (OFGL), in the light of these estimates.The OFGL, in 2020, thus measured the tax revenues collected by all the departments at 65 billion euros.1.5 billion losses, which accumulate year after year: the amount could indeed eventually weigh heavy over time.The candidate's team promises, however, that for communities, the losses of revenue "will be fully offset" via a state revenue retrocession.

But where Eric Zemmour's measure could be the most delicate to conduct, is that it is part of an already particularly tense context between the State and the local authorities shaken in recent years by the reform ofHousing tax.Since last year, the departments have indeed abandoned their share on the property tax for the benefit of the municipalities (a transfer as compensation to the municipalities following the disappearance of the housing tax).Admittedly, this loss for departments is offset by the perception of a VAT fraction ... but the latter are now deprived of their tax autonomy.Clearly, any possibility of activating the tax lever if necessary.A difficulty regularly criticized by the departments which are also, as a reminder, major players in the payment of social aids-rsa, aid of aid for young people (FAJ), solidarity fund for housing (FSL)...

As we can see: even if the exemption from transfer duties would in itself be beneficial to young buyers, Eric Zemmour could well work on eggs with such a measurement.

Real estate prices everywhere in France

Enter an address (exact, with the postal code) and discover the price of real estate sold in recent years.

No results if no transactions.