Hev&Jon Posted September 15, 2005 Share Posted September 15, 2005 Hello All,We're hoping to move to France within the next year and we've heard a rumour that if you decide to sell up and move back to England within the first five years, the French government can freeze your money until five years has passed.Does anybody know the truth of the matter?Best regards,Hev&Jon. Link to comment Share on other sites More sharing options...
Baz Posted September 15, 2005 Share Posted September 15, 2005 It is strange that somebody would start a rumour of this nature. There are no currency restrictions and even more so in the ECC. I just wonder if they were talking about taxation or CGT where there could be a liability but certainly no freezing of your money. Baz Link to comment Share on other sites More sharing options...
Nick Trollope Posted September 15, 2005 Share Posted September 15, 2005 [quote]Hello All, We're hoping to move to France within the next year and we've heard a rumour that if you decide to sell up and move back to England within the first five years, the French government can f...[/quote]Another dog in the microwave...However, if a CGT claim is disputed, the Notaire will withold the amount he believes the CGT should be, pending resolution of the claim, which can take years. That said, you actually have to make a capital gain - not as easy as it sounds! Link to comment Share on other sites More sharing options...
Val_2 Posted September 16, 2005 Share Posted September 16, 2005 Just another rumour probably started by someone who has had to return or who is jealous etc. The only problem with money is the question of any unpaid taxes etc that can take a while to sort but simple returning to the UK has never been a problem if you have sold through the correct channels. Take what you have with a pinch of salt. Link to comment Share on other sites More sharing options...
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