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Millions in France to see two tax debits from bank account today
One payment relates to property tax and the other to income tax
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Plan for capital gain tax to apply to some main French homes
Current exemption would only apply after five years of ownership with some exceptions
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Refuse collection charges in France set to rise amid pollution tax hike
Change estimated to add €40 to €76 to average household bills by 2030
Declaring a police pension
Reader's query on how to declare duty pension to ensure they're not taxed on it in France.
Following injuries sustained as a police officer in the UK I was awarded an injury on duty pension. How do I declare my pension income to ensure it is not taxed in France? D.M.
As it is paid by the police, it qualifies as ‘government income’, so it qualifies for a tax credit and the French will not tax it as such. They will however “take this government income into account” in the French tax calculation, which may increase the tax rate that is applied to all of your other income.
The standard tax office advice is to declare this in section VI on the pink 2047 form, the total of that section then being carried over to box 8TK on page 4 of the 2042. This income is not liable to the social charges.
Reader's query answered by Hugh MacDonald
If you have a money query send it to news@connexionfrance.com We select questions for answer every edition
- The information here is of a general nature. You should not act or refrain from acting on it without taking professional advice on the specific facts of your case.
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