Jackie Posted March 30, 2004 Share Posted March 30, 2004 Well we have just got our tax return forms back from the accountant and gather that the deadline to hand them in has been extended until April 5th. He explained that only UK Govt pensions for teachers, servicemen etc are exempt from French tax although the gross amount and UK tax paid still has to be declared. Where tax has already been paid in the UK on say a private pension, building society interest, annuity etc, a P/R 85 should be filled in and sent to the French tax authorities for forwarding to the UK Inland revenue. The tax paid in the UK should then be refunded as these will be taxed in France. The amounts entered on the French tax returns are all gross. He pointed out that a claim for relief can be made for materials used in improving the home providing that these are itemised by the firm doing the work. It would seem that insurance policy payouts do not need to be declared and neither does the interest for a number of French Post Office and other savings accounts. Sale of units in various bonds has to have the difference between purchase and sale price declared although the system of calculating the profit is complicated by taking into account previous years figures by a system that whilst accepted, is not well understood in France. Next year I may feel bold enough to have a go and do the return myself as these guys are a little expensive! I pass this on only in that it might trigger some interest for someone............John In Dept 79 Link to comment Share on other sites More sharing options...
Jackie Posted March 31, 2004 Author Share Posted March 31, 2004 Sorry not P/R 85 but FD5...........John Link to comment Share on other sites More sharing options...
Chrissie Posted April 3, 2004 Share Posted April 3, 2004 >He pointed out that a claim >for relief can be made >for materials used in improving >the home providing that these >are itemised by the firm >doing the work. Sorry, am I missing a trick here? Are you saying that you can get income tax relief here by presenting details of materials purchased (by registered local builders etc) for home renovations? I thought that sort of thing could only be used when looking at CGT calculations. Would be delighted if income tax could be eased.Chrissie Link to comment Share on other sites More sharing options...
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