News Archive: tax

09, 2012 February:

Monaco blossoms as French tax changes hammer traditional Riviera deals

New French property tax laws are pushing wealthy buyers away from the traditional Riviera resorts and into Monaco say local agency and accountancy experts.

14, 2011 November:

Market slow-down as French double capital gains timeline?

The buoyant French holiday home market could face “a slow-down” in the New Year if “vendors take their stock off the market” as the government doubles the scope of its capital gains tax (CGT) regime from February 2012 onwards say local specialists.

02, 2011 November:

Taxman pursues Britons hiding holiday rent on overseas homes

Britons with second homes overseas are to become targets to save millions of pounds in tax evasion.

13, 2011 October:

Will there be luxury houses cropping up all over France?

The president of France has announced his decision to overhaul the wealth tax reform system. He plans to increase the tax limit next year and this has caused frenzy amongst the media.

11, 2011 October:

French agents braced for winter sales rush as new tax bites

Agencies based in France are getting ready for a winter sales rush as overseas property owners try to sell up before a new tax bill for capital gains tax takes effect on the 1st of February 2012.

22, 2011 September:

France plans high-rent tax to protect poor tenants

French property owners are under fire to reduce lettings prices after the government announced plans to introduce a levy on rents on small apartments considered unfair from 2012.

26, 2011 August:

Sarkozy's financial struggle prompts billionaires to offer more in tax

As the French government struggles to get a handle on its finances, 16 billionaires have signed a letter demanding to pay more tax. One of the signatories is the L'Oréal heiress Liliane Bettencourt, who was involved in a tax-evasion scandal last year.

03, 2011 August:

“Last chance” for holiday home tax relief

British owners of overseas property have one last chance to claim their holiday home tax relief. Writing in This French Life, property lawyer Guillaume Barlet reminds owners who rent out their holiday homes that they can still offset losses against the property under current tax rules.

26, 2011 July:

Brit expats to benefit from new tax reforms

New UK treasury reforms could see retirees who live and own property abroad able to spend up to a third of their time back home each year without paying any tax.

20, 2011 June:

Sarkozy drops planned French second home tax

Overseas investors owning a holiday home in France can breathe a sigh of relief, as the French president has dropped his unpopular plan to hit foreign property owners with a third tax on their homes.

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