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Re: Another Anglo-Saxon phrase incorporated into French

latter is illegal as discriminatory
Ticking over, just about.
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Re: Another Anglo-Saxon phrase incorporated into French

As I said, but thats today's proposal.

Création d'une taxation forfaitaire des résidences secondaires. Elle concernera les non-résidents.
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Re: Another Anglo-Saxon phrase incorporated into French

Yes, but I dont see how it can apply to places only owned by foreigners
Ticking over, just about.
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Re: Another Anglo-Saxon phrase incorporated into French

Well to be precise it's not a question of foreigners but non residents.
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Re: Another Anglo-Saxon phrase incorporated into French

In which case they mean French subjects who nip abroad with their money and keep houses here.


Ticking over, just about.
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Re: Another Anglo-Saxon phrase incorporated into French

We will have to wait until 11 May when the details are supposed to be published.

The informed speculation seems to suggest a couple of possibilities.

1 Abolishing the gradual abatement of the tax if you hold the property for more than 5 years.

or

2 Collecting CGT on the notional increase in the property's value each year. That sounds suitably bureaucratically complex! Presumably with a wash up at the end offsetting tax collected against total tax due.....


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Re: Another Anglo-Saxon phrase incorporated into French

 BJSLIV wrote:
We will have to wait until 11 May when the details are supposed to be published. The informed speculation seems to suggest a couple of possibilities. 1 Abolishing the gradual abatement of the tax if you hold the property for more than 5 years. or 2 Collecting CGT on the notional increase in the property's value each year. That sounds suitably bureaucratically complex! Presumably with a wash up at the end offsetting tax collected against total tax due.....

Well then, the notional increase in value; if it continues as it has for the last couple of years should mean that everybody will get a rebate. Big Smile [:D]


NickP
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