Well then, what are the criteria for being fiscally resident in France?
A. We can advise you on this on a case by case basis. Q. I want to let the property commercially throughout the summer. I do not want to pay any income tax in France. A. Under the double tax treaty, you must pay French income tax on the French rental income. You deduct the tax paid in France from your UK charge to UK income tax on the same income. Q. I should like to own my French property through a company established in the Channel Islands. It will be a subsidiary of a company in Panama, which in turn will be a subsidiary of a company in the Cayman Islands. Please set it all up. A. This is most inadvisable and if you go ahead with this, you will be paying special French taxes through the nose. Q. I should like some trustees to hold a French property on behalf of my children. Please set it up. A. Although French law is probably going to budge on this issue over the next ten years, it is still the case that French law does not recognize trusts except in very limited circumstances. If a
Related Questions
- For investors: If I remain a UK resident but intend to build up a portfolio of properties in France for investment purposes, how will I be taxed?
- Can American citizens resident in France file an immigrant visa petition at another U.S. consulate or American Presence Post?
- Well then, what are the criteria for being fiscally resident in France?
