Thursday, 28 Nov 2024

Brexit LIVE: UK taxpayer victory as Macron coughs up £20,000 windfall to Britons in France

Brexit: We must ‘do right by Northern Ireland’ says Davis

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The French tax authority is reversing post-Brexit tax rises imposed on foreigners who own property in the country with experts stating that some homeowners could reclaim up to £20,000 from French authorities. Before Britain left the EU, UK taxpayers with second homes in France paid much lower French social charges than French taxpayers due to a 2015 EU ruling that people should not have to pay full French taxes if they were taxpayers in another EU member state. However, since January 2021, British taxpayers have no longer been covered by the ruling and their tax rate rose from 7.5pc to 17.2pc – the same rate as French taxpayers. Last month French tax authorities published administrative guidance that the terms of the post-Brexit Trade and Cooperation Agreement effectively matched the EU terms, and thus ruled that Britons who own homes in France should only pay the reduced rate of 7.5pc.

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  • UK taxpayer victory as Macron coughs up £20,000 windfall to Britons in France08:24
  • UK taxpayer victory as Macron coughs up £20,000 windfall to Britons in France

    British taxpayers could claim back up to £20,000 in overpaid tax on second homes in France in a post-Brexit windfall.

    The French tax authority is reversing post-Brexit tax rises imposed on foreigners who own property in the country with experts stating that some homeowners could reclaim up to £20,000 from French authorities.

    Before Britain left the EU, UK taxpayers with second homes in France paid much lower French social charges than French taxpayers due to a 2015 EU ruling that people should not have to pay full French taxes if they were taxpayers in another EU member state.

    However, since January 2021, British taxpayers have no longer been covered by the ruling and their tax rate rose from 7.5pc to 17.2pc – the same rate as French taxpayers.

    Last month French tax authorities published administrative guidance that the terms of the post-Brexit Trade and Cooperation Agreement effectively matched the EU terms, and thus ruled that Britons who own homes in France should only pay the reduced rate of 7.5pc.

    Good morning

    Good morning, I’m Olivia Stringer and I’ll be bringing you all the latest developments on Brexit, for the next eight hours. Please feel free to get in touch with me as I work if you have a story or tips to share! Your thoughts are always welcome.

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