Regimes for rentals

Above: Bill Blevins.

Some Living France readers buy French property and rent it out when they are not using it. Others are planning on retiring to France but buy a property now, using it to generate rent as a source of income or to pay the mortgage.

Rental income generated from French property is always taxable in France, and if you are UK resident, is liable to UK tax as well, although under the France/UK Double Tax Treaty, the French tax paid can be offset against the UK liability to avoid double taxation. If the UK tax exceeds the French tax paid, the difference will have to be paid in the UK; if less, then the French liability is paid in France and no tax is payable in the UK, but no repayment of the French tax will be made in the UK.

The full article can be found on page(s) 76-77 of this issue.

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