LEGGETT IMMOBILIER - LOCAL KNOWLEDGE YOU CAN TRUST 37
LEGGETT MAGAZINE EXPERT ADVICE
and will definitely add flexibility for
residents of France
with simple family situations.
However, it is vitally important
to understand that the new
rules will not provide a solution
for all problems.
For example, the new
rules do not apply to inheritance
taxes. So while it will
become perfectly possible to
leave all of your assets to your
spouse in the first instance,
assets left to be divided
between children and step-children
would still result in the
step-children facing punitive
60% French inheritance tax on
anything over a minimal allowance
of €1,594 each.
Secondly, the UK opted
out of the new European rules.
The consequence of this is
not yet formally known, but
it would appear that the new
rules will not apply to non-resident owners
of property in
France, for whom normal French
inheritance rules will apply to
the devolution of any French
property.
FINALLY...
It remains vital to plan for the
effects of French inheritance
rules and taxes. This means
for your French property if you
are non-resident, and for your
entire estate if you are resident
and therefore 'domiciled' in
France.
Siddalls are independent
financial advisers specialising in
tax, inheritance investment and
pension planning for British nationals, resident of France.
If you
have any questions or concerns
please contact us on +33 (0)5
56 34 75 51 or visit us at:
www.siddalls.fr
bordeaux.office@siddalls.net/p>
Protect your
wealth
For fully compliant and expert financial advice
French Head Office
05 56 34 75 51
bordeaux.office@siddalls.net
French finance in plain English
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conformes aux articles L 541-3 du Code Monétaire et Financier et L 512-6 et 512-7 du Code des Assurances.