NEWS
ALL THIS RAIN DRIVING YOU TO MOVE ABROAD?
Crown Relocations have put together their top fi ve tips to consider if you are contemplating leaving our soggy isle.
Research.
Investigate as much as you can about your proposed new location, and try to make a trip to the area and fi nd out what is has to offer before you commit
Organise.
Leave plenty of time for preparing those all-important documents, such as visas, passports and customs forms
Plan ahead. TAX CHANGES ON FRENCH PROPERTY: OUI OU NON?
In early July, the French government announced that it proposed to increase taxes on foreign-owned holiday homes. This week (at the time of
going to press), François Hollande appeared to backtrack on the plans for punitive taxes after David Cameron and the Treasury held up their hands in horreur. The plan was that the tax
on rental income would rise from 20 per cent to 35.5 per cent (applied retrospectively from January 1 2012), while capital gains tax (CGT) on property sales would rise from 19 per cent to 34.5 per cent (applied from July 31 2012). So how does that
leave things? Well, this apparent U-turn
follows a bit of a pattern. “It is worth bearing in mind
that a similar proposal was put forward by the former President Sarkozy last year, but was
8
aplaceinthesun.com
quietly scrapped in June 2011,” says Trevor Leggett of the long-established French agency Leggett Immobilier (
www.frenchestateagents.com). “Many commentators were
saying that this was due to the fact that the new tax infringed EU regulations, and was also contrary to taxation treaties France has in place with other countries.” It is perhaps just as well
that the last government failed to change this, since such proposals would have a serious impact on second-home owners. It has been estimated
that of the 200,000 British- owned properties in France, around 60,000 of them are rental properties. Watch this space for further
updates, but such uncertainty doesn’t seem to be putting off buyers, according to Leggett, who’ve had their best “fi rst half of the year” since the 2008 crash. The company - who now have a 10 per cent share of the UK market in France - report a good level of enquiries from “healthy savers” benefi tting from very low interest rates on their UK mortgages.
SO, WHAT ARE THE CURRENT FRENCH INCOME TAX BANDS? Income tax is a tax payable on income (including property rental): up to €5,963
0%
€5,963 to €11,896 €11,896 to €26,420 €26,420 to €70,830 above €70,830
5.5% 14% 30% 41%
Look for job opportunities, local schools and places to live before you move to make settling in that much easier
Talk to people.
Find out what it is really like to move abroad by chatting with people who are already there
Sort out and de-clutter. Now is a good time to get rid of those things you never use before the packing begins!
Find out more at:
www.moveoverseas.co.uk
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100