France’s new voluntary disclosure scheme
A new voluntary disclosure procedure has been announced for French residents who hold assets overseas. It will be overseen by the National Department of Auditing and allow those who disclose...
View ArticleChanges for capital gains tax for property confirmed
On 18th July the French Budget Minister confirmed that capital gains tax for immovable property will be reformed with effect from 1st September 2013. The main changes relate to the reliefs applying for...
View ArticleUpdate – Capital gains tax changes on immovable property
Further details have been released with regards to the proposed capital gains tax changes on immovable property. Please note that the Finance Bill for 2014 has not yet been released and it is possible...
View ArticleThe 2014 Finance Bill
The Finance Bill for 2014 is currently making its way through parliament. Households and businesses have every reason to be wary, after being hit by €70 billion of tax hikes over three years. The...
View ArticleGood news about Assurance Vie
In spite of all the press speculation in recent weeks, Assurance Vie policies were left largely untouched in the official announcements made on Wednesday 13 November. This is excellent news both for...
View ArticleKey tax dates for 2014
This is a reminder about the key tax dates for 2014 for French residents and non-residents from Europe. Non-residents from other countries may have later deadlines for filing their income and wealth...
View ArticleIncome tax and capital gains in 2014
Although the 2014 Finance Bill was not as punitive, tax wise, as previous years it still increases the tax burden for households in France. Effective tax planning is more important than ever. Income...
View ArticleTax in 2014 part 2: Assurance Vie, wealth tax, exit tax, interest and dividends
Assurance Vie The reforms to Assurance Vie went ahead largely as proposed in mid-November. There were no changes to the beneficial tax treatment of withdrawals from policies – the applicable rates and...
View ArticleFrench real estate – Capital gains tax reform
To stimulate the French economy, the government is proposing to modify the capital gains legislation in regard to real estate. The expectation is that these measures will be introduced with the 2015...
View ArticleIncome tax reform news
French Prime Minister, Manuel Valls, recently declared his intention to remove the 5.5% income tax rate. This is part of the Government’s policy of seeking to lower the tax burden for lower and middle...
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