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France To Tax Holiday Homes

Category: Real estate, Posted:15 Jun 2011 | 06:00 am

In a blow to the French property industry the country has unveiled a new draft law aimed at taxing non-resident second or holiday home owners.

Hard hit would be purchasers from the U.K. and surrounding countries who are heavily invested in vacation and countryside properties.
Even expatriate French nationals would fall under the hammer.
A vote is set by the legislative body by midyear and a number of complaints have been made to the EU already by various bodies.
Presently the real estate sector which thrives on transactions from this sector are quite vocal, saying a new tax would be damaging to the industry.

Other News

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Thailand’s Sandbox Is Not A Quarantine

Category: Tourism, Posted:12 Jun 2021 | 10:45 am As we are 19 days away from Thailand’s Sandbox tourism reopening in Phuket, there continues to be a misunderstanding of the overall rules and the term quarantine is incorrectly used. Quarantine by definition is isolation, whereby Sandbox travelers will be able to move throughout their hotel, visit beaches, restaurants, shops etc. Remember Phuket is about […]
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C9 Hotelworks Releases New Krabi Report

Category: Hotels, Posted:07 Jun 2021 | 06:00 am Comparing major Southern Thai resort destinations, Krabi is one that historically balances well between the international and domestic markets. In the new Krabi Hotel Market Update from C9 Hotelworks, we take a look back at pre-Covid trading to examine from what point hoteliers hope tourism will upcycle towards recovery and what will the trends be. […]
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SHA Plus Program In Focus

Category: Hotels, Posted:06 Jun 2021 | 13:17 pm A key part of the upcoming Phuket Sandbox reopening process is the requirement for incoming international travelers to stay in an SHA Plus hotel for 14 days, or shorter if only visiting the island. Those who want to travel onward to other destinations in Thailand can proceed after a 14-day period. As travelers are scrambling […]