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.
Other measures have been introduced in recent years too. "These include a 30% reduction in income tax on money earned in France" and a "50% reduction in tax on interest, capital gains and dividends generated in any country within the EU or a country with a tax treaty with France" for those who move there temporarily.
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If you do buy a property before the wealth tax is scrapped, try and reduce your liability by taking out a mortgage (there are some good deals around), as the French authorities look at the net value of a property, advises Sarah Cormack of the law firm Withers.
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Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
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Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
