If you are a homeowner in France and you cannot sell or let your property, you may be eligible for a special tax exemption. If you are a landlord with a second house, you may also qualify for this exemption. You have to meet certain criteria to be eligible for the tax exemption.
If you own a home in France and that real estate and you live in an area where there is a shortage of housing, you could face a larger tax of 20 percent. The tax is a local tax. The mayors of the town are the ones who decide how much the tax is and whether or not to impose the tax.
There are 328 urban areas and 115 communes that fall into these tax areas. France also imposes tax on empty homes.
Read the full article here:
Tax exemption for second homes
Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.
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