If you are lucky enough to own a property in France, or only considering one, then it is likely that you are familiar with the very topical French word: “La rentrée” – if not, well, this coincides with the end of the summer holidays.
Francois Hollande wants to reduced the waiting time to obtain an exemption from CGT on second homes from 30 to 22 years of ownership.
Many Britons want to retire to France as it is the destination for a pension abroad.
As you may already know, France has just learned about a change of political direction with the election of the left-wing candidate, Francois Hollande, as Republic President. The new leader
The French government will be scrapping the plan to impose a holiday tax on all those who own a holiday home in France, which would’ve hit foreign property owners and French expatriates, as part of a wider fiscal reform.
Capital gains tax in France is called ‘impôt sur les plus values’ and is payable on the sale of land or buildings, on shares, and certain other personal property. It is determined by the difference between the sale price and the purchase price.
France is well known for the complexity of its tax and administration systems, however, don’t let that put you off of buying a property in France. The tax system is not as complicated as it may at first appear. Sextant Properties explains…