Re: Re: What if Spain copied France?

#110079
Chopera
Participant

@GarySFBCN wrote:

From July 1, they will be liable for a 15.5 per cent tax on income from renting their property, and 15.5 per cent on any profits made from selling it.

Maybe it is because I live in a country without a VAT, but these taxes don’t seem extreme. Don’t all tourists pay ridiculously-high taxes on hotel rooms? If so, it is reasonable that the same tax apply to holiday rentals.

The figures I heard were 35.5% on rental income and 34.5 CGT:

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/9377307/Francois-Hollande-announces-French-tax-grab-on-holiday-homes.html