Tax Reforms

I just had an email through from Blevins Franks with an update on the latest French Tax Reforms - Ignoring Wealth tax, Exit & Succession Tax as not currently of interest to me, I was interested to read:

"Tax on second homes owned by foreigners

From 1st January 2012, non-residents who own a second home in France will be charged an annual tax of 20% of the cadastral value of the property.

This is like a second taxe foncière.

Expatriates overseas for professional reasons will not be affected. "

This doesn’t affect us but may affect other SFN Members - has anyone else heard about this?

Hi Suzanne, there’s another thread somewhere about this and yes it could be a real pain in the … for a lot of second home owners, like you I’m not affected, there again I will already be paying taxe foncière twice next year as an entrepreneur… a third one would be a bit much but this is France!!!