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Wednesday 12 June 2013

France: taxing second homes

Following on from the last word of the previous entry 
[In order to protect local residents from the inflated prices, the Affordable Rural Housing Commission had also called for further restrictions on the right to buy in protected areas and a new tax on second homes.
Futures Forum: National Park for East Devon and Dorset: next stage pt 2], 
the French government has upset a few 'non-residents' by proposing a tax on second homes:

The price of property in some beautiful rural areas – such as Creuse and Périgord in the south west or Morvan in northern Burgundy – has fallen by up to half in the last five years.
Even luxurious villas by the sea on the Mediterranean or Atlantic coasts are going relatively cheaply, according to a survey by French property lawyers. They speak of an “unprecedented crisis” in the sale of second homes in France, provoked, partly by the global economic slowdown  and partly by a change in the French law on capital gains tax and residential taxes.

But the tax on second homes is in fact something the previous French government introduced, now two years ago:
Sarkozy's plan to tax holiday homes alarms 'les rosbifs' - Europe - World - The Independent
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