UK citizens who own homes in France may have to pay substantially more in tax in that country, under proposals announced last week.
Capital gains tax, and income tax on rental income, will rise substantially for foreigners, to levels paid by French citizens.
Several hundred thousand UK citizens own, and let, homes in France.
At the moment, French capital gains tax is levied on the sale of a home at 19%, plus 15.5% as a "social charge" to pay for state benefits.
Likewise, tax on rental income is levied at 20% plus 15.5% social charge.
The social charges are not currently paid by foreigners who own homes in France, but under latest plans, they will be.
The extra taxes have been outlined in a supplementary budget which should become law by the end of July, and which will apply immediately.
It is possible the extra taxes to be paid by foreigners may be challenged legally.
Nevertheless, it is thought that the moves will inevitably make second homes and rental properties in France far less attractive to UK residents.
Friday 13 July 2012
Thursday 12 July 2012
Walker Thompson sponsors Ice Hockey Tournament
On 17 June 2012 Coventry Blaze Ice Hockey Academy hosted its annual Godiva Cup Tournament.
We are proud to have been involved in the sponsorship of the event which attracted emerging young Ice Hockey players from Milton Keynes, Oxford and Peterborough, as well of course, as the Coventry Under-14 Academy.
The event provided some 6 hours of non stop, and at times frenetic, ice hockey comprising some nail biting qualifying rounds leading up to the final which was won by Oxford.
The teams which comprise both boys and girls at the under 14 level can only get the experience required at tournaments with the sponsorship of local businesses and on this occasion we were only too pleased to be able to help.
We are looking forward to 2013 and hopefully a Coventry Blaze win.
Retail Premises available for rent - Earlsdon, Coventry
We have recently been made aware of some retail premises available for rent or possible outright purchase in Earlsdon Coventry
Lock-up Retail Shop Premises with security shutter/alarm Broomfield Road Coventry
Interested parties should contact mchrismurphy@hotmail.com or tel 07958 932 896
- Ancilliary Rear Accommodation with external Store/Workshop
- Retail sales area 32.61m (313 sq ft) approx
- Property is considered suitable for a variety of A1 retail uses and has been most recently used as a cafe/coffee shop
- Inner lobby. Customer toilet/handbasin area approx 8ft x 8ft
- Back room approx 14ft x 8ft, with two double sockets and strip light
- Shower/toilet/handbasin off back room approx 3ft x 9ft
- Attached conservatory with a single drainer stainless steel sink unit & separate small sink. Two double sockets, strip light Approx 17ft x 6ft
- Rear store/workshop approx 22ft x 10ft with 9 double sockets & 5 strip lights
- Timber shed(was used as an office) approx 8ft x 10ft with double socket and strip light
- Rental subject to negotiation around £900 exclusive
Anyone considering purchase – there are 3 self contained flats above generating rents of £860 pcm
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