Tax
Declarations in France
In
France , anyone (either resident in France or Non resident) who derives income
from a French based property, irrespective of where that income is paid or received
, must make an annual declaration of that income to the French Revenue authorities.
It is
not sufficient to rely on the fact that the income may have been declared to the
Uk Inland Revenue.
There is also evidence of increased contacts between the UK Inland Revenue and
their French counterparts. As it is a French based asset the French authorities
will expect the first option on the tax on that income .
It is also the responsibility of the Tax payer to make the declaration and not
simply to rely on the Tax authority sending them a declaration. The penalties
for late/non declaration can be severe. source David Gibson - Cabinet Berthet:
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The above information is given without responsibility of accuracy. ©jml Property
Services 09/05
French Government
plans to tax holiday home owners
Apparently
this tax, due to take effect in January 2012, will apply to second homes owned
by non-residents, whether they are French or foreign! Up to 360,000 homes could
be affected, about half of which are thought to be owned by British nationals.
Under the new law, the taxman would charge 20 per cent of the theoretical annual
"rental value" of a second home, whether it is rented out or not. Homes rented
out full-time will be exempt, since their owners are already assumed to pay sufficient
French tax. Holiday home owners currently pay domestic property taxes - Taxe d'habitation
(if applicable TV Licence include - L'audiovisuel public) and Taxes foncieres.
Find
out more
on this Here June 2011
French Government drops plans to tax holiday home owners
Following
the controvesal proposal to tax holiday home owners in France
- A meeting
was held on the weekend of the 18th / 19th June -11 with President Nicolas Sarkozy,
Budget Minister François Baroin and senators representing French nationals living
abroad, the proposed tax was dropped.According to a report in Citywire Money "The
decision to scrap the tax may well have rested on the fact that French expats
– who would also have been subject to the new tax – will for the first time have
a chance to vote next year in the presidential elections. Sarkozy is currently
seeking a second term in office".
July 2011
