Economy

xchrom

(108,903 posts)

35. French to tax foreign second-home owners

Thu Jul 5, 2012, 10:36 AM

Jul 2012

http://www.bbc.co.uk/news/business-18722065

UK citizens who own homes in France may have to pay substantially more in tax in that country, under proposals announced on Wednesday.

Capital gains tax, and income tax on rental income, will rise substantially for foreigners, to levels paid by French citizens.

Several hundred thousand UK citizens own, and let, homes in France.

French President Francois Hollande intends to raise taxes on businesses and the richest households.

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