Taxation on homes of Non French Residents repealed

The proposed surcharge for residential homes of the French living abroad and foreigner having second home or real estate investments in France, planned as part of the tax reform debate in Parliament, will be abandoned, said Saturday Thierry Mariani told AFP, Secretary of State for Transport .

It was decided “not to adopt the proposed creating a surcharge on council tax for French nationals abroad,” he said.This was decided on Saturday afternoon during a meeting with President Nicolas Sarkozy and Budget Minister Baroin, he said.

Already voted by the National Assembly, the supplementary budget will be discussed starting Tuesday by the Senate.