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A million people in France received tax refunds after issues with new property declaration
The problem caused a €1.3 billion overpayment in property taxes with for the tax year 2023
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Wealthy retirees could be taxed more under French minister’s new proposal
Levying extra taxes on the wealthiest 40% could ‘raise €500-800 million’
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French authorities use AI to help recoup €200 million in unpaid tax from one department alone
Undeclared swimming pools and property extensions can be captured by AI imagery
Taxation on rental income
Reader's query on taxation on their rental income.
I have been told if I let my only home in France and rent in the UK I will not be taxed on the rental income in either France or the UK. Is this true? R.F.
No, it is not true. If you let your home in France, the income will be liable to taxation since all income is liable to taxation with minor exceptions such as certain French tax-free bank account interest]. If you rent a property in the UK because you have nowhere else to live, then you will be a UK tax resident, and the income from the above let will be taxed first in France, and then in the UK with a tax credit for the tax paid in France.
Reader's query answered by Hugh MacDonald
If you have a money query send it to news@connexionfrance.com We select questions for answer every edition
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