Britons who let their properties in France could be hit with new taxes, after President Sarkozy announced an increase in tax on investment revenue.
The French president has announced a 1 per cent rise on share, property rental and other investment income, The Times reported.
The move is intended to finance a welfare programme.
The tax increase, which officials hope will generate about €1.5 billion a year, will bring the total tax rate on investment revenue to 30 per cent.
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