Our departure from the EU and the impact on the French property owner

Since 31/01/2020, when the UK left the EU, the UK has been a "Third Party" state for the purposes of the French tax treatment of UK residents and UK nationals resident in France. Because of the transition arrangements which ran until 31/12/2020, for the most part, the impact of this "Third Party" status was deferred to 01/01/2021. Because of the ongoing application of the UK-France double tax conventions, which are unaffected by Brexit, the tax impact is limited, particularly for UK nationals who were already French tax resident before 01/01/2021. Nonetheless there have been some material effects and for many, these will manifest themselves for the first time in French tax assessments issued during 2022 by reference to 2021 French taxable income.

Please contact us if you would like to know more about the impact of BREXIT on your French tax position.