Decision by president Emmanuel Macron allows local councils increase their taxes on second homes by up to 60 per cent
supporters travelling to the country over the next few weeks, may need to think twice about a permanentThe increase in taxes comes against a background of increasing tensions due to a lack of housing supply and a growing number of people with two homes, with the tax seen as a disincentive to those considering buying a holiday home.
Until this year, all property owners faced a “taxe d’habitation”, a type of local property tax. However, it was amended earlier this year to apply only to those with second homes, while last month, it was announced that rather than keeping the surcharge limited to about 1,000 councils – typically those in urban/seaside areas – it has been extended to a further 2,263, bringing far more homes – and their owners – into the tax surcharge net.
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