Liability for french Income tax

[rob]

I am an Australian with dual citizenship..UK Passport. I intend to retire to France with my wife and 2 children(8and 13). I will have an income we will own our house in France and have an income generated by investments in Australia of around E23000pa. What do I need to do about tax in France? The income will be paid into a bank account in Australia and I will draw what I need through Auto tellers so I will have no money in France except what I spend, is this they way to do things?

[idun]

No, this is not the way to do things.

All world wide income has to be declared in France, look on the impots web site. Also if your income is from investments then you will probably have to pay french social charges on it, CSG etc.

You use the word 'retire', but that is a bit of a general term these days. Will you be eligible for an S1 health care form from the UK. If not then you will have to pay for the health care of you and your family, quite expensive.

Have you thought about your kids education? I realise that some kids are fine moving late to another country and getting on in another language, but many are not.

[parsnips]

[quote user="rob"]I am an Australian with dual citizenship..UK Passport. I intend to retire to France with my wife and 2 children(8and 13). I will have an income we will own our house in France and have an income generated by investments in Australia of around E23000pa. What do I need to do about tax in France? The income will be paid into a bank account in Australia and I will draw what I need through Auto tellers so I will have no money in France except what I spend, is this they way to do things?[/quote]

Hi,

       If your investment income of 23000€ is in the form of interest or dividends, then, although you will be below the income tax threshold, you will be liable to social charges (CSG) currently at 12.1%, on all of it, ie 2783€ p.a.