The life annuity is a method of selling real estate in which the seller transfers his or her property to a buyer, called the debirentier, in exchange for a life annuity. This annuity is a sum of money that the debirentier agrees to pay the seller every month, quarter or year for the rest of his or her life.
There are two types of life annuity these are the occupied life annuity and the free life annuity. In the first case, the seller continues to live in the property and the debtor can only take possession upon the seller's death. In the second case, the seller leaves the property and the debtor takes immediate possession.
The price of a property in life annuity the price of a life annuity is determined according to several criteria, such as the age and life expectancy of the seller, the value of the property, the amount of the life annuity desired, etc. It is important to note that the price of a life annuity sale is often lower than that of a conventional sale, as the debirer takes the risk of having to pay a life annuity for many years.
What are the advantages of a life annuity?
Taxation of life annuities
What are the tax advantages of a sale in life annuity for a seller?
For the buyer, the sale in life annuity can offer the following tax benefits:
Contact your local VIAGER specialist in Mouans, Mougins, Valbonne and its surroundings
Marc CAMPANELLA on 06.101.101.54
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Marc CAMPANELLA - EXPERT AND REAL ESTATE AGENT - 06.101.101.54
1, Av. de Grasse 06370 Mouans-Sartoux
Real estate expert certified CNE (Centre National de l'Expertise - NICE)