OK, I've re-stocked my bar, lets do it again, and afterwards the party can move to Monaco again. And who was that German chick, Claudia? She was a killer, "I vant to speak Englich" Jeeze we didn't do much talking. PM me.
Is there anybody here from France ?
- Thread starter letom13eur
- Start date
I must attest to the quality of life in southern France. Visited there during Christmas: Cannes, Antibes, Monaco, Nice, St Tropez...
Beautiful scenery along the entire coast.
Also inland from Cannes, eg. Mougins is extraordinary.
Ideal would be to live\work in Monaco and to own a home in France for the weekends.
Anyone know how the property tax rates are in Monaco?
Prices in Monaco are not that far off from certain US prices (NY, San Fran).
Beautiful scenery along the entire coast.
Also inland from Cannes, eg. Mougins is extraordinary.
Ideal would be to live\work in Monaco and to own a home in France for the weekends.
Anyone know how the property tax rates are in Monaco?
Prices in Monaco are not that far off from certain US prices (NY, San Fran).
Quote from lastick:
Nice place Villefranche...
Better than Monaco IMO (Taxs except)
What do you pay in tax in France of trading profits?
There is tax and various fees when purchasing property but there are no annual property taxes.
http://www.draffimmo.com/en/index.html Click "information" at the top
http://www.monte-carlo.mc/principalitymonaco/invest/tax_system_invest.html
Thank you. And tax of trading profits?
http://www.monte-carlo.mc/principalitymonaco/invest/tax_system_invest.html
Individuals
Persons residing in Monaco (except French nationals) do not pay tax on income, on betterment or on capital. For French nationals, two distinct categories exist :
- French nationals who can prove that they resided in Monaco at least 5 years before October 31, 1962 are subject to the same system as other nationalities.
- Other French residents are subject to French income tax collected by the French administration.
Individuals
Persons residing in Monaco (except French nationals) do not pay tax on income, on betterment or on capital. For French nationals, two distinct categories exist :
- French nationals who can prove that they resided in Monaco at least 5 years before October 31, 1962 are subject to the same system as other nationalities.
- Other French residents are subject to French income tax collected by the French administration.
Thank you. But in France?
http://www2.finances.gouv.fr/calcul_impot/2005/simplifie/index.htm
you can make a simulation with your own income.
Surplus values are normally taxed at a 26% flat rate.
Daytrading is taxed in France as ânon commercial profitâ according article 92-2 . This means a progressive taxation depending on the amount that is declared. This tax can go up to 52% plus an additional 10% for social security. So the maximum level is 62%.
Elements that are used to defined when it is the progressive tax rate:
· The number of orders that have been executed. It give san idea about the time and energy spent on investing. More time is interpreted as more professional.
· The distribution of the orders over the complete year. If spread over the whole year, it means lots of time invested.
· The equipment used and the type of investments that are done. Also the leverage is looked at.
· The length of time during which the investments were held.
The same logic is used more or less all over Europe.
62% in tax!! France is not a traders paradise. But there must be legal ways to pay less tac of trading profits? Trading via a private company or what?