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DraytonBoy

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Everything posted by DraytonBoy

  1. We have a property management business here and several non French clients rent their properties in the summer months, they declare the rental income, are given a fixed allowance for costs and income tax is paid on the profit, it's that simple.
  2. That works for you, the OP is looking for something different.
  3. The OP has a young family so a flat isn't going to work, my guess is that they want something with a bit of privacy where the kids can splash about in their own pool. Maintenance would be done by a local business and the running costs subsidised by renting the property.
  4. If the OP has the money then why not, for a house suitable for rentals you'd be looking at 300-400K depending on location which would include all the fees. The musts for me would be - 3/4 bed in good condition, pool (preferably heated), near facilities, within an hour of the coast, within an hour of an airport and close to autoroute, smallish garden. Perhaps the most important thing is how often will you use it yourself and are you tied to school holidays which are the peak rental periods.
  5. I think this decision could be tied into tomorrow's health committee meeting here following which there may well be more restrictions.
  6. Pecresse is the only real threat to Macron but may not even reach the second round so the odds are for five more years of stagnation under Manu.
  7. The practicalities of sending migrants back to Iran, Iraq, Syria and Afghanistan make that idea impossible surely?
  8. The UK troops in Poland have two roles - a small group of Royal Engineers are there at the request of Poland to advise on strengthening the border fence etc whilst a larger group is part of a NATO force of around 1000 troops from Poland, Romania, the US who are 'on manoeuvres', neither UK group is tasked with directly preventing the migrants from entering Poland.
  9. Just to be clear, if you are a French tax resident but a UK tax payer then you can still get the 40% back.
  10. That depends on your personal circumstances I believe - https://www.french-property.com/news/tax_france/pensions/
  11. If you're not a UK tax resident you'll get the 40% back, you have to declare the lump sum here but there is a fixed rate of tax (currently 7.5%) and a 10% allowance on the whole amount so the overall tax hit is really 6.75%.
  12. I've always thought the biggest threat to France is the French themselves. Macron is the 4th president I've experienced since moving here and just like his predecessors he's been unable to push through the radical changes that are desperately needed because the general public won't accept change of any description. They are programmed from birth to live a certain way and any attempt to alter this results in meltdown and protest such as the Gilet Jaune disruption in 2019 which ended in a climbdown from the government. Macron has already tried to head off similar protests over rising fuel and energy costs by handing out 100 euro bribes to a huge chunk of the population and promising price freezes until Spring next year which no doubt will be extended until just past the election date. I cannot see any other result than another five more years of EM because the opposition is so fractured but it will be closer and more interesting this time.
  13. The French will target the fishing ports where UK trawlers land their catch as that is really what the dispute is all about.
  14. We have similar conversations with my retired in-laws in the UK as we do with retired friends here, they all live in their little protected 'bubbles' and cannot relate to what we have gone through as a couple who have moved here to work and raise a family. That's not a criticism, just reality.
  15. I've organised three Orange fibre installations this year, this is what I've noted - They will send the Livebox to your home address. The technicians will push for the easiest option for them when choosing the internal location of the new socket and it will need to be near an electric point to plug-in to the Livebox as the supplied fibre cable from the new socket is very short, don't let them bully you into drilling a hole in the wall if there's a chance it will fit through an existing gaine. Our house is over 250m from the main fibre point in our hamlet and a team of four managed to hook up everything from there and install the internal box inside three hours so 60m should be a doddle. Before you order from Orange check other providers - Free, SFR and Bouygues as they may be cheaper. Do not pay the set-up fee as you can do everything yourself from changing the pass code to adding in booster boxes.
  16. I take it your passport wasn't stamped either leaving or coming back into France?
  17. We've just sold a UK property that we've owned for more than 30 years. HMRC have been informed of the sale as required but do we have to tell the Impots even if there is no CGT (plus-value) and if so how?
  18. I've always thought that you couldn't disinherit children here with regard to property no matter whether the will was written under English law or not.

    https://www.french-property.com/guides/france/finance-taxation/inheritance/rights/surviving-spouse#:~:text=Accordingly%2C%20under%20French%20law%20the,the%20estate%20of%20their%20deceased.&text=Only%20that%20part%20of%20the,of%20their%20jointly%20held%20assets.
  19. [quote user="Catalpa"]
    We sold some land in the UK about 4 years ago. We advised tax office in France about the sum we received and the reason for it but we were told (and I can't remember or find the correct wording right now) that as the asset sold was 'fixed' in the UK - land, buildings, etc - any taxation would be levied by the UK tax authorities, not France. And that's what happened - the fact we were France-resident was irrelevant.

    What impact Brexit may have on taxation relating to future sales is way beyond me.

    [/quote]

    As a French tax resident you have to account for your 'worldwide' income which would include the profit on the sale of any asset such as land or property, if that wasn't the case why do you have to declare here the income from UK rents?
  20. The SCI won't just die a natural death, you have to formally close it and submit a final tax return. As for the consequences of doing nothing who knows, the authorities have your address in the UK I presume so they can easily track you down and use the UK court

    system to come after you for any outstanding debt.

  21. Taper relief certainly does apply here but I don't think you can offset the loss against the profit. In addition you've got to notify HMRC of any sale regardless of whether you've made a profit or not, you could get fined if you don't.
  22. I know several holiday home owners who are going to apply for a CdS as a means of skirting the Schengen 90 day rule.
  23. I went to a stage last week and the atmosphere compared to a previous experience was muted to say the least, still an enjoyable couple of hours in the sunshine after a picnic in the countryside.
  24. For the first few weeks we had fish and chips from the local van here but as we always saw them as a 'treat' they lost their appeal and we've stopped having them.
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