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What does 'FAI' mean next to the property price?

FAI stands for 'Frais Agence Inclus'. This means the price includes the fees for the LBV Immo Agency. Agent fees are chargeable on properties depending on their price. A full list of our fees (as of 1/5/2014) inclusive of TVA is shown in the following table.

Prix Nett Vendeur Montant ou %
€ 0 - € 39,999 4,500 €
€ 40,000 - € 74,999 9.50%
€ 75,000 - € 109,999 9.00%
€ 110,000 - € 149,999 8.50%
€ 150,000 - € 199,999 8.00%
€ 200,000 - € 249,999 7.50%
€ 250,000 - € 299,999 7.00%
€ 300,000 - € 399,999 6.50%
plus de € 400 000 6.00%

 

How do I declare rental income from my gite?

The first step is to declare your business activity to the French tax authorities, who will then register you with the relevant tax office.

Do I need to pay National Insurance contributions on my gite income?

If you are not resident in France (ie not registered as a resident), then in most cases, the answer is no. If you are a French resident however, then it depends on whether your gite is your main source of income, or whether it is considered

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LBVImmo Property in France
Tel: +33 (0)2 96 29 19 23. LBVImmo SARL Siret: 790 100 796 00016
*(FAI)= 'Frais Agence Inclus' ou 'FEES' - English - Go here for explanation / Francais - Allez ici pour l'explication
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