johnp Posted January 12, 2006 Share Posted January 12, 2006 We receive Income from three properties that we let in England. We have been told that we will have to register this part-time business in France as a “loueur en meublé professionnel” as we could in the future be liable to “Wealth Tax”. However, we would have to pay the minimum social security payments if we register as a firm in France.Would anyone know if we can register as an Estate agent or letting firm in England, not a limited company. We think perhaps the French tax authorities may accept this and we may not have to register as "loueur en meublé professionnel in France". Would anyone have any advice or previous experience on this matter? Link to comment Share on other sites More sharing options...
Nick Trollope Posted January 13, 2006 Share Posted January 13, 2006 If you earn money anywhere, whilst resident in France, you pay tax on it. Setting up a UK company won't reduce your liability. The route you have been recommended would (as I understand it) reduce your liabilities.SS charges are a pretty variable feast in this country. If you earn 8K per year (profit), then you will be expected to pay just short of 4K per year in charges. If you earn less than 6K there are all sorts of reductions available.If you pay tax in the UK on your UK earnings, you will still be laible for SS charges here. The DSS should not accept SS payments for non-UK residents.See a French accountant!! Link to comment Share on other sites More sharing options...
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