Proposed new French property tax not as expensive as some fear

[Nicholas Wallwork]

The proposed new property tax for holiday homeowners in France may hit the rich but others may not feel the effect quite so much, according to French property experts. The new tax has been approved by president Sarkozy’s cabinet and if approved by parliament will take effect from 2012 onwards. The tax will hit all [...]

Click to Read The Full Story and Add your Own Comments to Proposed new French property tax not as expensive as some fear

 

[fallo]

well, i guess this is kinda good, kinda bad for us expats...

 

[MaisonAuCroisic]

Still far from the realestate tax here in the US. Over 1% of the home value ...

 

[expo09]

I have no sympathy. If you can afford a second home you can afford the tax that comes with it. You don't have to buy the home.

 

[MaisonAuCroisic]

Down boy down,,
First I was not trying to get any sympathy and assume my choice. I was merely pointing a fact for those who think home tax is high in france.
Second just for the record, I am actually living in the US, and this is my only home.

Just chill and enjoy you life

 

[Lee Lussier]

This is not the only change. It used to be that capital gains in France were not taxed if one held the real estate for 15 years or more. Now, effective 1 February 2012, changes to a minimum of 30 years.