+ 44 (0) 1844 218 957
+ 44 (0) 1844 218 956
Independent Financial Adviser est. 1988
French and Spanish Mortgage Brokers
French Tax Planning Specialists

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)[1] 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 - tax@charleshamer.co.uk or Kieron - enquiries@charleshamer.co.uk

Tel 01844 218957

Top