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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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Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]