Tax advice of the week: Move to France

If you are thinking of emigratiing in these gloomy times, France is looking a lot more attractive after Nicolas Sarkozy announced plans to scrap the country's wealth tax.

If your thoughts are turning to emigration during these gloomy times, you may want to add France to your list of possible destinations, says Alexandra Goss in The Sunday Times.

President Nicolas Sarkozy recently signalled that he plans to scrap the country's wealth tax. It affects thousands of Britons living in France, as well as those who own holiday homes there. The tax is levied at rates from 0.55% to 1.8% of net assets above €790,000 annually.

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