Brit Landlords Hit by Tax Change on Properties in France

As part of the financial squeeze tax changes have been introduced regarding letting abroad.

Connexion reports that British residents who let furnished holiday accommodation in France have lost certain tax advantages with the new tax year.

Previously landlords could offset the cost of repairs and furniture and fittings against capital gains tax when they sold. They could also use losses incurred on their letting business to lower their British income tax.

Now it is only possible to offset losses against certain income from that specific business. Further changes relating to the lets are on the way from April next year, increasing the number of days a year that properties must be let or available to let.

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