France Hints at Holiday Home Tax U-TurnJuly 11, 2012
It has been revealed that the French President, Francois Hollande could be about to do a U-turn on his plans to slap harsh new taxes on British owners of French holiday homes.
Earlier this month, Mr Hollande proposed changes which would see tax on rental income rise from twenty percent to 35.5 percent, and capital gains tax on property sales rise from nineteen percent to 34.5 percent.
However, it looks as though the French President could be about to make a U-turn on these proposals, after he said, during the discussions between the two leaders,: “Tax is not that different between us. The top rate in Britain is forty-five percent. In France it is forty-one percent.
“That does not entice British people to move to France – except for holiday homes, which are not going to be taxed more.”
Following the meeting, a spokesperson for Mr Cameron added: “We wanted to be reassured that there is no question of discrimination against British citizens. We are reassured on that.”
As an accountant in Bradford, Stephen Tomlinson specialises in offering PAYE, Tax and VAT advice.This entry was posted in Stephen Tomlinson. Bookmark the permalink.