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Council tax: The 55 French towns where bills are going up in 2018

2018-10-30 Eleanor Moore 0 Accounting & Tax Advice

The French government announced earlier in the year that council tax (taxe d'habitation) was set to drop for 80 percent of France's households in 2018 - but despite this some people will actually end up paying more. These are the 55 towns where bills are going up.

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Buying in France with a French Mortgage – a quick overview.

2018-10-12 Eleanor Moore 0

When deciding to purchase a property in France, there comes a moment when you decide how you are going to finance your property. Do you release equity in the UK? Use your savings? Take a French mortgage? An important factor to consider when making this decision is that you can’t just release equity or put a mortgage on a French property once you have purchased*, so whatever money you put into the property will remain locked in it until you sell. When considering this point, most buyers prefer to use a mortgage for the maximum leverage possible against the property in France so to keep their cash and equity free for other projects. Another advantage of a French mortgage, which is even more advantageous in times of currency volatility, is you’re minimizing your exposure against the GBP/EURO exchange rate – spreading the risk over a longer duration on minimal amounts that you will need to transfer each month as opposed to having to find £1000’s more, quickly to complete on the purchase in the case of a dip in value between the time of when you agree to purchase and the time when you complete and pay.

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