Are there any tax advantages in connection with taking out a French mortgage if I rent out the French Property?
The answer is YES
-All profits accrued from rental income which have been generated by a French property are liable to French tax as a priority over any UK income tax assessment.
-In France, all the mortgage costs (interest, set up costs, arrangement fees, broker fees) are allowable as deductions against income in the course of arriving at taxable profits, thus reducing the French tax payable as compared to the cash purchase option.
For more information please contact Simon - email@example.com or Kieron - firstname.lastname@example.org
Tel 01844 218957