The August lull that sends most Parisians running to the beaches for vacation did not slow the French government from passing important “rectifying” changes in the taxation of real estate gains, rental income and net wealth.

Rental income and sales of investment property or second homes by French residents have always been subject to social security contributions (payroll taxes). The previous rate of 13.5% was raised to to 15.5% on July 1st of this year. Unlike in the United States, gains realized from the sale of a primary residence are not […]