Irish pensioners are shocked to find that the UK tax authorities is looking for unpaid taxes from them claiming that Irish Approved Retirement Funds (ARF’s) are not exempt from UK taxes as they had been advised.
The French government announced tax hikes on Foreign Property Owners. Tax on rental income could rise from 20% to 35.5%, applied retrospectively from January 1, 2012 and CGT on sales would rise from 19% to 34.5% from the end of July.
Much to the relief of overseas property owners in France, president Sarkozy has decided to scrap extra tax on overseas owners of holiday properties in France.
