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If I'm not mistaken there is a tax on secondary residences in France. I am not an accountant, but my understanding is there is a "taxe d'habitation" from which
by achenet 15d ago
If I'm not mistaken there is a tax on secondary residences in France.
I am not an accountant, but my understanding is there is a "taxe d'habitation" from which primary residences are exempt, but which must be paid on secondary residences.
Of course, this can be gamed via starting a real estate company which buys the secondary residence, claiming that it is for "business purposes", but the basic idea of using taxation to prevent the accumulation of real estate by the wealthiest individuals is present.
- pmontra 15d agoThat thing exists in Italy too. Primary residence is exempt, you pay on the other houses or parts of them (heirs, etc)
- brailsafe 13d agoRight, but it's still kind of a joke because that's just what you would pay on any normal investment's appreciation. Land is treated as a commodity that can't go down in price.