Legal Information Centre


02 September 2008 by Mary Heaney

Tax rise could hit Britons with French property

British citizens letting out property in France are set for a tax hike as President Sarkozy announces a rise in tax on investment earnings.

British citizens letting out property in France are set for a tax hike as President Sarkozy announces a rise in tax on investment earnings.


 


Thousands of Britons will experience a 1 per cent rise to the tax they pay for renting out their French home during holiday seasons.


 


Sarkozy has come under fire for the proposed hike which is being perceived as a u-turn on his policy of tax-cutting.


 


The rise will bring the tax rate on share, property rental and other investment income up to 30 per cent.





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