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Aly

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Everything posted by Aly

  1. [quote user="Sprogster"]The big problem in extending social security charges to EU non residents, is that they would be discriminated against in that unlike French residents they cannot enjoy social security benefits for which they would be contributing. Also these proposed charges would not qualify for relief under any double tax treaty for non residents, not being a tax.

    Apparently the UK government have said they will challenge through EU courts if implemented.

    Meanwhile not good at all for values of properties in regions popular with second home owners.[/quote]

    The social charges have nothing to do with social security or services. Despite the name they are a tax. They were bought in years ago to help with the national debt.

  2. The difference is that non residents do not benefit from the same abatements as residents ie Micro bic schemes.

    I think it will be challenged as discriminatory and against free market rules.

  3. I think it will have a huge impact on popular areas where overseas buyers still make up good numbers.

    Will they invest with a capital gain tax of 35% and a hike in rental taxes. Its very short sighted and ideology driven.

  4. As well as SC applied to capital gain, the tax on rental income for non residents - so presumably gite income as well will also rise from 20 to 35.5%

    The tax on rental income will be retrospective from jan and the Capital gains will apply from the end of this month.

    This is surely going to have an impact on those non residents seeking to buy property as an investment as well as those seeking to sell

  5. [quote user="Catalpa"][quote user="Aly"]THundreds debate and share useful info, ideas and news on angloinfo.[/quote]ROFL.[/quote]

    Catalpu - Thanks for so perfectly highlighting my point, .Anyway back on topic here is a article abt the impact of the new non resident taxes on property and possible impact on the  Housing market

    http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/9377307/Francois-Hollande-announces-French-tax-grab-on-holiday-homes.html

  6. [quote user="sid"]I just went to the index page and counted 44 different contributors, that's the latest poster on each of the sections, barely scraping the tip of the iceberg, so where you get only 30 contributors from is anyone's guess.... your guess actually.[/quote]

    Sid, I am glad you found somthing useful to do with your time.

    The 600€ figure is from a German study on Health provision in the EU .Check the internet.

    This has got to silly for me and off topic so I think we should sotp as its pointless. As I said I respect your views not the insults. Tme will tell with the cuts. Lets hope I am wrong it will all be fine.

  7. Thousands - hmmmmm  If you say so. But only some 30 ever actually post. If you compare this site to `anglo info` its easy to see why people join but loose interest.Hundreds debate and share useful info, ideas and news on angloinfo.Any debate on this forum sadly just results in dragging out the nasty old man element. - thats why people do not post. Thousands may have registered but the truth is they have just not bothered to deregister.. I am signing off

    Thanks for the articles Norman. Very interesting.

  8. Ok 30 then. - Where are they. All I see is the same names on every thread. Some threads have had no comments in weeks or months..

    What a shame that you cannot or are unable to make a useful contribution but rather a bitchy one. Easy to do on the internet..  I am sorry if the facts are not to your liking but as I said and again respectfully lets wait and see. We are off topic now anyway.

  9. Sorry Norman but the links you gave are for the same article?

  10. It is not my intention to spread alarm amogst the 20 or so contributors to this site. I was more interested in a general debate on the implications of new taxes on all groups of expats.

    But fine you obviously know more then me and  I  really do not wish to upset anyone  - We will see what the future brings.

  11. [quote user="parsnips"][quote user="Aly"]No intention to offend. but the health/care costs of pensioners are unsurprisely higher. The funds recieved from the Uk or payments made by low income pensioners are heavily subsidised  by the French and do not reflect the true cost. The avearge insurance cost to the state is around 600€ per month per person. If you recall these issues have come up before as has tax on non residents homes. That is back a 15% tax on non residents sales and rents was announced yesterday. .How long will it take before they demand change to the health funding contributions for expats. Same is happenning in Spain because of the huge numbers of UK pensioners. Many EU countries have introduced a care tax to cover long term care or demand private insurance.

    Very few French pensioners settle in the UK. The young- yes but they work ad contribute. Remember what one french MP said they have all our young and we have all the their old

    [/quote]

    Hi,

          I would like to see references for your 600€ per month figure.          The last figure I have seen for the payment per pensioner made by the UK under S1 was 3600€ p.a. (7200€ per couple) which is considerably higher than the contributions made by the average french pensioner,

          Here are some real authenticated figures;

    Your calcualtion fails to recognise that the French pensioner has both himself and via his her employer paid contributions throughout a working life.  It is that lifetime of contributions that makes the service. Big changes are coming you only have to look at the scale of contributions now being asked for in neighbouring states for newbies to access state services. I think we may see more movement towards private insurance based coverage.

     

    [/quote]
  12. Stop being so dramatic

    The payment of real costs has not happnned as yet it has been requested by some goverments because as I said these states do  not wish to subsidise health and care costs for the huge numbers of  particulaly elderly expats..Both statements are therefore correct. The same is being demanded by other states such as  Spain, Cyprus and so on. Perhaps the UK will pay and all will be fine - I hope so.but at what cost and for for how long. If you recall there was a huge fallout last year  in the UK because expat pensioners claiming winter fuel allowances.

    My point anyway is not abt pensions it is a general isssue abt how the new  French govertments taxation measures will impact us all. We have already seen as a first act new tax on non residents and the article from Figaro are very interesting. Will more follow. I hope not.

  13. Norman I think you are partially right. But this is  in dispute as it would mean hardship for UK residents who cannot access services because of spending cuts yet full coverage for those who have chosen to live abroad. Hardly fair  and non sustainable.Daily Mail horror story stuff.......

  14. No intention to offend. but the health/care costs of pensioners are unsurprisely higher. The funds recieved from the Uk or payments made by low income pensioners are heavily subsidised  by the French and do not reflect the true cost. The avearge insurance cost to the state is around 600€ per month per person. If you recall these issues have come up before as has tax on non residents homes. That is back a 15% tax on non residents sales and rents was announced yesterday. .How long will it take before they demand change to the health funding contributions for expats. Same is happenning in Spain because of the huge numbers of UK pensioners. Many EU countries have introduced a care tax to cover long term care or demand private insurance.

    Very few French pensioners settle in the UK. The young- yes but they work ad contribute. Remember what one french MP said they have all our young and we have all the their old

  15. [quote user="NormanH"][quote user="Aly"]The New PM has told the French to be ready to mobilise when faced with the huge debt burden. The sound bites are worse then Tony Blair.

    What does he mean. Lots of daft talk abt growth but no actual proposals.. Bring back Sarko all is forgiven.

    [/quote]

    Even all this?

    http://www.telegraph.co.uk/news/worldnews/nicolas-sarkozy/9373478/Nicolas-Sarkozys-offices-and-home-raided-by-French-police.html

    Sounds like Tory sleaze..

    [/quote]

    Its early days yet. to reflect on sleeze. Lets not forget DSK? and we will certainly have dramas with all the power women in Hollandes life, Segolene, Tretweiler and Aubrey..I think it willl make a difference to many expats. The french are not going to continue to fund all our OAPs whilst we cash in on all their young folk. They are already looking at revising some double tax treaties. The non resident tax on property was abandonned and now its back on. They will tax the wealthy and the foreigners -easy targets and fits with an ideology.

  16. Well non resident home owners and renters will be hit by the 15% social charges. That will have a huge impact on property sales as well as anyone who has gites and does not live here

  17. From the beeb

    http://www.bbc.co.uk/news/world-europe-18693089

  18. But I wonder what they will do if the constitutional court says the tax of 75% amounts to a seizure of assets as reported in some press today and rules it as illegal.

    Even if it happens will it be enough - I doubt it.

  19. The New PM has told the French to be ready to mobilise when faced with the huge debt burden. The sound bites are worse then Tony Blair.

    What does he mean. Lots of daft talk abt growth but no actual proposals.. Bring back Sarko all is forgiven.

  20. I agree Claire. Thats why so many young french head for London to make careers. But I just cannot see it changing in France  There is a huge undercurrent

    of jealousy and resentment for anyone who does well or who wants to be financially sucessful. Its a no,no. Years of spending has caught up. The debt will be 90% of GDP. All the taxes they collect will not even cover the interest payments. Unlike the UK or Germany they will not make cuts or even change employment legislation to make it easier for small businesses to take on staff. They will instead recruit more civil servants to sit in rooms and pass files around. What a shame

  21. I am no expert. the agent I referred to is a HUGE national agent with offices everywhere.The fees you quoted are abt right. We were asked for 5% plus the advertising costs. Perhaps that is not common. As I said some agents specialise in the overseas market. I am not talking abt your local town agent. Time will tell.how the market is going.. But then who wants large quanities of Euro - not me especially if it becomes the franc again

  22. You wonder how much more tax direct and indirect the French can take.  Be prepared as I suspect exit taxes will rise.I am just glad I am not a citizen.I doubt that they will achive growth of 1%..Perhaps a few more ring roads going nowhere and funded by the EU will help. The rest of Hollandes  package is punitive to enterprise.

  23. We all know that many agents target specific markets ie Brits, Dutch etc. These agents tend to market properties at the highest rate within the meterage formula. I am wary of agents. We had one well known who thought we could get at the top end of  the valuation. But also advised that we may need to pay 1600€ extra in advertising for specialist magazines. A big con....not selling any longer  but now making money on the adverts. The cost of the adverts is almost equal to what we would have to pay in the UK for the total agents fee.

  24. You can read the FT article if you go to google news and type french taxes.The authorities are also looking at some of the double tax treaties, specifically Switzerland, Belguim but others may follow..I cannot see how Hollande will be able to make these savings and not upset his party and the unions. The annual pension budget  for example even with Sako`s now ammended raising of the retirement age was some 10 billion in the red. Higher now. that Hollande has lowered it to 60 again.  The Germans would not be able to bail out France, they have after all  subsidised its unproductive agriculture for years with the CAP payments. 56% of french GDP goes to state machinary -  despite this they want to recruit yet more functionaries. They have more tax collectors then the US. they will need them as we are all going to be paying more and varied taxes

  25. Article in FT

    http://www.ft.com/cms/s/0/5c0e33e0-c43e-11e1-850c-00144feabdc0.html#axzz1zXU3LjXX

    Looks like more tax and social charges to rise. Read in German press that the constitutional court is reviewing the tax plans on the wealthy

    as its being seen as a seizure of property unparallelled.

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