Tips
and Topics in Corsica and France
Factfile
/ Information file
June
2009 - French tax law changes aimed boosting the property
market
The
Ammendement Bouvard was introduced on the 1st April. This
new French tax law that is aimed at boosting the property
market and inceasing construction, it has got some property
agents excited. It has brought the advantages of the Loi Scellier
to leaseback properties. The law allows French tax residents
to offset 25 per cent of the price of a property in a tourism
residence (up to 300,000) against personal income tax
for nine years.
June
2009 - Good news for those dining in French Restaurants this
summer
France is cutting the rate of VAT in restaurants and cafes
from the current rate of 19.6 per cent to 5.5 per cent. This
should mean the costs of meals will be 10% less. The move
is at the start of the main two month tourist season in France
. France’s Minister for the Economy, Christine Lagarde said
that allowing people to continue to dine out will encourage
improvement in France's area of expertise..The reduction in
VAT is going to let France ... conserve and improve its culinary
reputation. More
on this stors here at the jmlvillas blog |Back
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May
2009 - Visitors Down on the Riviera
The
Riviera Reporter
has reported that an area that is under strain on the Riviera
is the visitors numbers as economic considerations suggest
some tourists will stick to a "stay-cation" this
year. Both the Monaco Grand Prix and the
Cannes
Film Festival figures are down and it was even possible
to book hotel rooms a month before those dates for the first
time in decades. Some hotels along the coast are accepting
1 day bookings when they normally insist on 4 to 5 nights
during peak months. The Riviera Reporter comments "
There'll be more room to spread your towel on the beach this
summer" |Back
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May