clarification as to long term rentals
Sep 1st 2014 | 8:28 pm
#31
Banned
Joined: Feb 2011
Posts: 19,367
From: Mallorca
Re: clarification as to long term rentals
Wales indeed but after upwards of 30 years collectively in France. M le President as in Hollande has somewhat demanding notions as to the tax that one pays. Also inheritance is a problem in France if as is the case with me no children and I am the last one standing my brothers pay 60% tax on the value of my estate. It is payable on a personal level not by the estate. My wife has children from a previous marriage and my wish would be that they benefit from the estate. So went sometimes to bed at night hoping it would be me that went! Strange concept. Hence now resident in the UK so can buy holidays either in Spain or France so maybe just stay in the UK? Another question another dialogue for another time.
But Hollande's view of taxation is no surprise. He's the head of the socialist party, inherently subscribing to the notion of government "paternalism", which presides over a subservient population of "children of the state". It's their money, not yours. You just get an "allowance" to spend. Everything else is daddy's responsibility. Unfortunately as in France's case, daddy's having a bit of trouble making ends meet. But with millions of kids to raise, and the massive governmental bureaucracy required to manage it all, that's to be expected.
Anyway, come down, enjoy the sun, and start your discovery process. In the end, you may find that life is pretty good here (as well as having some big advantages), despite a few differences that may seem a bit difficult to accept at first.
Oh, and one other tip: Don't limit your experiences to expat areas. I've found that the advantages increase exponentially with the less you seek the same as at home.
Last edited by amideislas; Sep 1st 2014 at 8:35 pm.
