Sarkozy drops tax plan on second homes

Controversial plans that would have led to French expats and foreigners with second homes in France paying a new tax on their properties is scrapped.

This article is open access. Information protects us. I subscribe

Controversial plans that would have led to French expats and foreigners with second homes in France paying a new tax on their properties have been scrapped.

Non-resident French home owners already pay two taxes - one by the person who owns the house and the other paid by those who live in the property.

Under the new law, homes only used for a few weeks a year, would be liable for a third tax, calculated at 20 per cent of the theoretical annual rent that could be gained from the property. Properties rented out all year round were to be exempt.

Read more on this story from The Daily Telegraph.

No mobilization without confidence
No trust without truth
Support us