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Bills for France’s second-home property tax will start to arrive next week
More than 1,600 communes have opted to raise additional rates for the taxe d’habitation this year
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Millions in France to see two tax debits from bank account today
One payment relates to property tax and the other to income tax
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Plan for capital gain tax to apply to some main French homes
Current exemption would only apply after five years of ownership with some exceptions
France’s wealth tax nets €1.8bn
The property wealth tax IFI, which replaced ISF, is bringing in more than expected – €1.8billion this year, up from €1.3billion in 2018.
When it was brought in, it was expected to net about €850million. Reasons are thought to include more tax inspections, property price increases, and online declaration which helps avoid people undervaluing their homes.
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