Francois Hollande announces French tax grab on holiday homes
Henry SamuelApproximately 200,000 Britons own second homes in areas such as the Dordogne and other parts of France, particularly those serviced by budget airlines.
Now, however, holiday home owners find themselves in the sights of President François Hollande as he seeks to tax the better-off to reduce France's large budget deficit.
On Wednesday (July 4th), the French government announced it was to increase taxes on foreign-owned second homes. Tax on rental income would rise from 20 per cent to 35.5 per cent, and capital gains tax on property sales would rise from 19 per cent to 34.5 per cent. The extra in each case is being labelled a "social charge".
Pour citer cette ressource :
"Francois Hollande announces French tax grab on holiday homes", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mai 2012. Consulté le 05/12/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/francois-hollande-announces-french-tax-grab-on-holiday-homes