How is income from UK assets taxed in France?

Most British expatriates who live in France continue to own some UK assets, whether they be bank accounts, shares or property, as well as pension funds.

Is it a good idea to keep hold of so many UK assets if you live in France permanently (particularly with a change of government a possibility when a UK election takes place)?

Is it a tax-efficient way of holding your capital?

As a tax resident in France, you are liable for French tax on your worldwide income, gains and property wealth.

This applies regardless of whether you bring the income into France or leave it in the UK.

Income earned from UK assets is also liable to tax in the UK in most cases.

You need to follow the France/UK double tax treaty to establish where you should pay the tax. 

Although you only pay tax in one country, the income still needs to be declared correctly in both.

The rules differ according to type of income.

UK rental income and government service pensions are not directly taxable in France, but you still have to include them as ...

To read the remaining 85% of this article, you need to either

Subscribe now to The Connexion and benefit from access to our archived articles since 2006

Freedom Subscription

Pay every three months. Our most flexible subscription.

Automatic renewal, cancel anytime

1 Year Subscription (12 editions)

1 year of great reading in print and online

Automatic renewal, cancel anytime

Digital Subscription (1 Year) (Our best value offer)

1 year of great reading online *no paper*

Automatic renewal, cancel anytime

More articles from Money
More articles from Connexion France
Other articles that may interest you

Loading some business profiles...

Loading some classifieds...