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Bit of a panic


bixy

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Another financial question, in a bit of a panic. Having sold our UK house just yesterday, it suddenly occurred to me that the proceeds from this may be taxable as income under the French system. Please tell me that it isn't so!

Patrick

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UK fixed asset non liquidising capital disposals are subject to a 20% imposing tax in France, so you'll need to budget for this 'loss' in your calculations.....[:(]

 

 

 

 

Sorry, couldn't resist it!

Relax Patrick, it's not taxable - just the interest you'll receive for the short period the loot is in your bank account.....[;-)]

 

 

 

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[quote user="Sunday Driver"]UK fixed asset non liquidising capital disposals are subject to a 20% imposing tax in France, so you'll need to budget for this 'loss' in your calculations....

[/quote]

I nearly had a heart attack then. 

Bixy? Bixy? Bixy?[:-))]

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They say I'm quite lucky that they got the ambulance to me in time. Since I had previously been quite healthy, they wanted to know if I'd had a sudden shock. Yes, I told them, it was that bxxxxxd SD. I should be out in a few weeks, and then SD, I'm coming after you!

 

Patrick

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