Thursday, 23 June 2011

New holiday home tax scrapped!

Great news!

The new tax that was being planned by the French government has been scrapped.

The decision to abandon the idea was taken over the weekend at a meeting between President Nicolas Sarkozy and the Minister of Budget, Fran├žois Baroin.

The meeting was also attended by a group of senators representing French nationals living abroad, who would also be caught by the new tax.

The actual cost to home owners would have only been a few hundred Euros a year, but it is a great relief to home owners who are already struggling with the increased costs in running a second home.

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