Tax cuts on the way for French Home Owners

The newly elected centre right government lead by President Nicolas Sarkozy, presented its first state budget yesterday and included estimated tax cuts of 9 billion euro (US$12.7 billion).

These cuts are intended to help homeowners and students, as well as to encourage people to work overtime, as envisaged in a new law that offers tax-free overtime for those working an additional two hours a week.

Tax cuts to homeowners are welcomed and it will be interesting to see what effect this will have house prices, but any lower costs will no doubt fuel more ex pats to eye up the regions of France as a destination for retirement.

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