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
The cost of living in France is not wildly different from that in the UK. We have been researching costs for you and below you will find a list of everyday items including costs of home services and utilities as well as transport, leisure facilities, home improvement costs etc.
France looks set to become the next investment hotspot for UK landlords. French homes have been off the agenda for many property investors in recent years, as tax rises and a sluggish economy have combined to keep prices and rental returns down. The evidence is coming from several directions that this may be about to change. Driven by punitive actions by the UK government and a return to French competitiveness, investors are being both pushed and pulled to France.