Video: Francois Hollande backtracks on holiday homes Under the plans for a new "social charge," tax on rental income would rise from 20 per cent to 35.5 per cent, and capital gains tax on property sales would rise from 19 per cent to 34.5 per cent. Speaking in Downing Street after meeting Mr Cameron, Mr Hollande referred to the home tax plan as he mocked Mr Cameron's suggestion last month that his tax plans will send wealthy French people over the Channel to the UK. Tax is not that different between us. The top rate in Britain is 45 per cent, in France it is 41 per cent," Mr Hollande said. That does not entice British people to move to France - except for holiday homes, which are not going to be taxed more.