What is the 30% rule in France?
What is the 30% rule in France? Generally, a French resident is liable to French income tax on interest income, whether from French or foreign sources. Taxable interests are subject to a flat rate tax (PFU, sometimes referred to as the 'flat tax') set at 30%, including income tax at 12.8% and social surtaxes at 17.2%.
Why are Brits selling up in France?
“The main reason is Brexit. It's so much more difficult for British people to buy something here. They need health insurance and that's very difficult for them.”
What are the pitfalls of buying a house in France?
French Buyer's Mistakes: During Your Property Visit
- Viewing your property through rose-tinted glasses. ...
- Being unrealistic about renovations. ...
- Not getting the right documentation. ...
- Not seeking independent advice before you purchase. ...
- Making direct payments without your notaire. ...
- Not budgeting for fees and taxes.