-
Does French holiday property become a ‘main home’ after selling up elsewhere?
Whether or not a French home is your ‘main’ one depends on factors including tax residency
-
French income declaration: New tax credit requirement postponed
Additional information regarding domestic workers will be required from next year
-
French tax declaration: how and why it may be a good idea to make a ‘mention expresse’
Informing tax authorities of your calculations can save you incurring a financial penalty
Taxation on rental income
Reader's query on taxation on their rental income.
I have been told if I let my only home in France and rent in the UK I will not be taxed on the rental income in either France or the UK. Is this true? R.F.
No, it is not true. If you let your home in France, the income will be liable to taxation since all income is liable to taxation with minor exceptions such as certain French tax-free bank account interest]. If you rent a property in the UK because you have nowhere else to live, then you will be a UK tax resident, and the income from the above let will be taxed first in France, and then in the UK with a tax credit for the tax paid in France.
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.
- No liability is accepted in respect of this article. It is intended only as a general guide. Nothing herein constitutes actual financial advice.
- The Connexion welcomes queries and publishes a selection with answers every edition. However, please note that we cannot enter into correspondence on money topics. Queries may be edited for length and style. Due to the sensitive nature of topics we do not publish full names or addresses on these pages.