Overseas property news - Britons with homes in france face higher taxes

Britons with homes in france face higher taxes

Around 200,000 Britons who have holiday homes in France could be charged a new tax, adding thousands to their bills.

Struggling president Nicholas Sarkozy has proposed the levy in a desperate bid to raise revenues and improve his falling poll ratings.

It would see a typical holiday homeowner with a £350,000 house pay £700-a-year.

Anyone lucky enough to own a £5.5m Parisian mansion would face paying an extra £3,400-a-year.

Source: DailyMail.co.uk

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