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New tax on non resident home owners


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[quote user="NickP"]

For those who want to know who their MEP is, another link:   http://www.europarl.org.uk/section/your-meps/your-meps

Well done Frederick, the more the merrier. You never know? [B]

[/quote]

 

 My MEP got back to me within an hour  .  This is the reply 

Thank you for your email regarding the French Government's proposal to levy
a tax on non-resident owners of second homes in France. 

I personally think that this is a punitive tax which acts as a barrier to
investment in France.  As you rightly point out, second home owners already
contribute to the local economy through the existing taxation system and
through the local services they use.

Unfortunately, the EU does not have any power to directly intervene in the
taxation policies of Member States unless those policies breach EU law, for
example, by discriminating against citizens from other Member States or by
impeding the free movement of capital across the EU.  In this case, it would
seem likely that the proposed tax will be considered non-discriminatory as
it applies to both French and non-French nationals who are non-resident. 

The issue of whether the law impedes the free movement of capital is yet to
be decided; the EU Commission is closely scrutinising the proposals to this
effect and I am awaiting their verdict.

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[quote user="Frederick"][quote user="NickP"]

For those who want to know who their MEP is, another link:   http://www.europarl.org.uk/section/your-meps/your-meps

Well done Frederick, the more the merrier. You never know? [B]

[/quote]

In this case, it would
seem likely that the proposed tax will be considered non-discriminatory as
it applies to both French and non-French nationals who are non-resident. 

The issue of whether the law impedes the free movement of capital is yet to
be decided; the EU Commission is closely scrutinising the proposals to this
effect and I am awaiting their verdict.
[/quote]

I would agree with them, if the French non residents were not being offered better terms i.e. a period of grace (was 6 years mentioned?) so unless we all get the same it is discriminatory.

As I said in my first post, set up an AE and cut the relatives grass a few times, cost em more to collect it! then of course I will want the health service and pension rights [Www]

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Looks lke the DT have lifted it from AFP...

http://www.lesechos.fr/economie-politique/france/actu/afp_00353539-pas-de-surtaxe-pour-les-residences-secondaires-des-francais-de-l-etranger-182606.php

or

http://www.lexpress.fr/actualites/1/societe/francais-de-l-etranger-abandon-de-la-surtaxe-sur-les-residences-secondaires_1003755.html

If this is true I hope that they won't press ahead with a truly discriminatory tax on non-French owners....................

Edit

According to Reuters the Government are looking to increase capital gains tax on second homes instead.

At least that way you would only pay tax when you finally give up on the French dream.......

 

 

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Good news for once! Sarkozy has indeed made a u-turn on the proposed tax - great news for all British owners of holiday homes in France! We're all smiles at French Property News today. For more information, see:

http://www.french-property-news.com/latest-news-and-offers-u-turn-on-holiday-home-tax-sparks-relief--246743

and

http://www.lesechos.fr/economie-politique/france/actu/0201448308291-l-etat-renonce-a-taxer-les-maisons-des-non-residents-182910.php

 

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despite the apparent U-turn for this poorly conceived proposal the whole affair the leaves a bad taste. Whatever next? Do we have to put up with this uncertain economic future. I do not share your sense of relief

For the relatively small tax revenue it would have raised he has risked loosing the trust of over a third of a million overseas homeowners to line the pockets of his rich influential friends.

he uses the race card at every opportunity and I am now doubting me continued participation in such a french society.

I will invest lower levels in my property and when a good opportunity arises to pack my bags I may be tempted
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