(What is this?)
Home > France > Property > News : Overseas investors 'to benefit from property tax changes'
Not registered?  Join IPIN now FREE   |  Forgot password?

Overseas investors 'to benefit from property tax changes'

Article Date : Wednesday, April 11, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The idea of buying an overseas residence through a company will become even more popular following a tax u-turn by the government, a property firm has said.

According to Assetz, chancellor Gordon Brown's latest Budget reveals that the government is set to scrap UK tax on property bought through a company.

And because a property bought in this manner is currently classed as 'benefit-in-kind', investors have been subject to annual tax.

However, this charge is being scrapped next year, which means the average international property owner who bought through a company could save hundreds of thousands of pounds.

Martin Sadler, international sales manager, said: "In France, for example, many British people buy property through an SCI [Societe Civile Immobiliere], which enables them to avoid French inheritance laws forcing the property to be sold upon death and divided between offspring."

However, investors should beware that they are still liable for tax on rental income if the property is rented out on the open market.
Listing Separator

Related Articles

  1. French government to ensure France stays most popular tourist destination in the world
  2. Daredevil condo hotel brings leaseback concept to Paris
  3. Enhance Your Cooking with French Cookware
  4. Building Surveys - A roof over your head
  5. French Letter Boxes



Listing Separator

Let us search for you Let Us find Property in France for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in France.
Let us searchHelp me find property in France


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: France
Channel: All

More RSS FeedsGo

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo

Media/Press SectionMedia/Press Section

Are you a Press or Media professional? We have access to a wide and varied collection of data and statistics which may be of interest to you.

Journalists click hereGo

View News by ChannelSee Your News Here

Submit your news feed for spidering by our news robot. Simply enter the url of your RSS feed in the text box below and click the submit button

Submit Your RSS FeedGo