tax law change in france has made buying property more popular
News Posted On: 04 June 2009
A change to France's tax law in April this year has led to an increased interest in buying property in France, a property investments firm has claimed.
Pierre and Vacances said the Amendment Bouvard has provided tax advantages in the holiday investment property sector, reports MoneyMarketing.com.
The Loi Scellier to sale and leaseback properties in France said overseas investors are set to benefit from the supply and demand the alterations to the legislation have created.
It noted that tax agreements negotiated between France, Jersey, Guernsey and the Isle of Man could have a positive effect on property investment prospects in the Rhone Alpes and other French regions.
This is because it will be possible for companies and trustees managing investment funds to invest in French property without being required to pay an annual tax of three per cent of their total market value.
Last month, prospective property buyers looking for a home in France were advised by French Property News to fully research the areas they are considering buying a house in.
Written by Les Calvert
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