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Old 22.10.2009, 11:48
Syt Syt is offline
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Re: Tax implications of owning a holiday property?

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Goldtop, I think that if you are not a permit holder you are given a choice. I spoke to the Office d'impot and was told about a simplified procedure. If you do not want to do it this way you can be taxed according to the normal procedure.
In their opinion if you just hold a holiday home it is cheaper to pay tax by the simplified procedure
Correct. This is an estimation. If I remember well, it's a multiplier of the value of the real estate.
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