France targets foreign owners of second-homes
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12 September 2012
The French President Francois Hollande is looking to bolster his country's finances by increasing the taxes on foreigners who own homes in France.
Tax on rental income has risen from 20% to 35.5%, while capital gains tax on property sales has increased from 19% to 34.5%.
The inheritance tax-free allowance between parents and children of about €160,000 (£134,000) - available to any child of the deceased – is expected to be reduced to €100,000.
If you are one of the 200,000 UK citizens who own a second home in France contact Nick Haines
on 01242 237661
or email firstname.lastname@example.org.