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La Voie Bleue: European Cycle Route of the Year is in France
700km bike path linking Luxembourg and Lyon has been crowned winner of the 2026 title
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Before and after: Garonne river floods in south-west France
Satellite images show extent of flooding from back-to-back storms in February
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Home insurance increases expected in France after floods
Compensation costs for the recent storms and flooding across the west and south-west is estimated to be in the billions of euros
Tax on savings interest
WITH UK or French savings interest, do you have to declare the interest although not actually drawn down? Is savings interest that is not drawn as income and is left to roll over still taxable in France? Can you offset investment losses against investment gains when in an assurance vie or Qrops scheme? K.E.
ALL interest, whether drawn or not, has to be declared since it is what is earnt that has to be declared, not what is used. Likewise, yes, any income received (drawn) is taxable.
Unfortunately, one cannot offset investment losses incurred in one sort of product against the gains of another product since each product is taxed differently.
