Buying a property that will earn its keep as a holiday letting in France is a big part of many British buyer’s ‘French dream’. Some buyers hope to fund their new French lifestyle by buying a home with an annex to convert to a gîte and earn some extra income. How viable is that and what are the opportunities and challenges of running such a business?
What have been the notable changes in France in 2019 – and what’s coming up in 2020? From property price growth to lower taxes, higher wages and a possible end to daylight savings, here’s our round-up.
For many people, part of the process of starting a new life out here will be finding ways to continue to make an income. There are so many possibilities, even in rural areas – you may find a new niche!
At last weekend’s Your Overseas Home show, France Property Guide spoke to several people who were worried about their property purchase in France being affected by Brexit. Many others may be feeling the same way. This article will allay fears and explain why we believe you should continue your plans with confidence, whether you buy in France before Brexit or not.
Our expert Independent Financial Advisor partners in France believe that the tax system is likely to remain very similar to the current structure in the event of Brexit. This is because: a). Cross border taxation of income and capital (such as French property rental income, proceeds of property sales, UK residents inheriting French property, and all UK sourced income for French residents) is subject to existing Double Tax Treaties, which are set up completely independently from the EU and therefore do not fall under EU regulation. The UK leaving the EU will not automatically change this system