Modifications on Household Expenses Starting May 1st: Notary Fees Adjustments, Gas and Electric Car Costs, Homework Expenses, Tax Return Updates...
Finance Shifts Hitting Your Wallet: A Breakdown of Changes Ahead
Bumping Up Notary Fees
Mark your calendars! The 2025 finance law has paved the way for an increase in notary fees, especially in selected departments. Previously capped at 4.5%, some departments emerged with a new ceiling of 5%, effective from April 1, 2025. This rate adjustment mainly affects transfer duties, popularly known as "notary fees."
Surprised? Here's a list of the departments banking this new rate, including the much-known Paris – to find your department, head over to the tax administration's official website. Additional departments, including but not limited to Nord, Gironde, and the Pas-de-Calais, jumped on board on May 1. The list isn't set in stone yet, with more departments expected to join the club in the near future.
First-timers cheering, hang tight! You won't be affected by this increase. The 5% ceiling applies to everyone except first-time homebuyers, who can still enjoy the 4.5% ceiling.
Budget 2025: What's Changing? (Subscribers Only)
Electric Vehicles: Brace Yourself for Fees on Registration Cards
Until recently, owners of electric and hydrogen vehicles have avoided paying regional taxes, the primary component of the cost associated with vehicle registration. However, times are changing, and these exemptions are about to disappear, except in regions that have opted for a continued exemption through decree.
From May 1, almost every French region will subject electric and hydrogen cars to the same registration card fee rates as conventional vehicles.; The exceptions are the Hauts-de-France region and certain areas that have yet to make a decision, notably the Occitanie region, which is reportedly in ongoing discussions about the issue.
Remember, if you're registering your electric vehicle between February 16 and April 30, 2025, the exemption still applies.
Note: Details may vary by regional decisions and changes may apply to certain areas. For precise and up-to-date information, consult regional government or notarial services within your specific area of interest.
- Starting from April 1, 2025, notary fees will rise from 4.5% to 5% in certain departments, such as Paris, Nord, Gironde, and Pas-de-Calais, according to the 2025 finance law. However, first-time homebuyers are exempt from this increase.
- In 2025, the registration card fees for electric and hydrogen vehicles will change, with almost every French region adopting the same fees as conventional vehicles, except for the Hauts-de-France region and certain areas, such as Occitanie, which are still in discussions.
- In the realm of personal-finance and business, it's essential to stay updated with the changes ahead, such as the 2025 budget, which could impact notary fees and taxes related to vehicle registration.
- If you're considering a purchase of either a home or an electric vehicle within the next few years, keeping an eye on the latest updates from the tax administration and regional government or notarial services could save you money in the long run.
