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French Department New Recruit - April 2008

We are very pleased to announce that the specialist expertise of the department has been further increased recently with the arrival of Véronique Cardon from Paris. Véronique is qualified as a Notaire (Diplomée Notaire France).  Her knowledge and practical experience will further strengthen the French team and the service which we are able to offer to our clients.


SIPPS and purchasing a property in France

The new legal framework for SIPPS (Self Invested Personal Pensions) applicable from April 2006 and enabling the SIPP to purchase property abroad, has generated a substantial amount of interest.

As far as France is concerned, particular care is needed as the situation is far from simple and investors should be aware that the UK advice available to them in connection with the proposal will often not adequately deal with the French legal and taxation issues arising out of the purchase, all of which merit particular attention.

We should be pleased to discuss your proposal with you and to consider the French implications in your particular case, prior to your embarking on the project.

Please contact Dawn Alderson at aldersond@russell-cooke.co.uk or Patrick Delas at delasp@russell-cooke.co.uk or telephone 020 8394 6374.





Important Information Relating to French Property Purchases in Provence and the Cote d'Azur

The French Minister for Transport has given the green light for a public debate on a proposed project to develop the TGV lines in Provence and the Cote d'Azur by extending the network to Toulon and Nice. The French government is due to vote on the proposal in a year's time.

If the plans get the go ahead it could impact on those buying properties in the area. Although it will bring much improved links to the South of France and consequently boost some property prices, there is also the possibility of the new lines running close to properties or the building works being disruptive.

If you are thinking about purchasing a property in the area, you would be advised to consider the proposals before proceeding. As no reliable information will be available until the project is officially voted upon, it is strongly advised to query and investigate locally.