Quote:
Originally Posted by tonygo
My wife and I are planning to retire to France in March 08 (I will be 65 yrs old)
Our french property will be paid for and therefore we will be classed as french residents for tax purposes
Total income approx will be 16000 euros pa, consisting of UK state and occupational pension.
Can anyone tell me how much approx I would have to pay in french income tax.
many thanks
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Hi!
to do a correct estimation, it would be basically necessary to have more information.
French allowances are income type dependant.
Also it you pay income tax in GB, according to the case you may have to continue paying there ( eb. civil servants ).
If one of your income were to be a " private capital life insurance ", then again that would have to be specified, with the age at which it was 1st paid.
Now if you have financial income ( share or interest, that could change the matter , because you would be subject to CSG ( Contribution sociale Généralisée ) unless the interest was very low.
Now all in all if your gross income was just pensions or others which can be considered as such, you would pay no French income tax, even if you paid GB income tax.
But you are just under the limit, since the taxation is Euro 55, will is not collected.
Yours,
giantpanda