French Wealth Tax To Be Revised

French President Nicolas Sarkozy is determined to modify the country’s wealth tax system. In 2012 the President plans to increase the tax threshold from 800,000 EU to 1.3 Million EU making the country one of the most attractive destinations for the wealthy.

Richard Deans, who is in charge of the London sales office of Annecy based MGM French Properties said; “France could become a new tax haven for expatriates. Until now, Annecy, in the foothills of the French Alps, has been relatively unknown to Britons. The historic and picturesque olde worlde university town with its Little Venice canal network, restaurants, cafes and weekly markets has a lot to offer Britons seeking a new life in one of the most beautiful parts of Europe.”

Mr. Deans also notes that Annecy is a mere hour and a half from Geneva by car, and is regular host to International festivals, conferences and sporting events.

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Source: http://www.rightmove.co.uk/overseas-magazine/french-property-attracting-wealthy-britons