inheritance laws

French inheritance laws could cause problems for expats

There are currently ripples of discontentment among expats who have moved to France, not just because of the uncertainty in its government, but due to rumours abounding, regarding the potential introduction of new French inheritance laws.
 
The two predicted moves will include reducing the amount of tax paid when assets are passed to children through inheritance, and the slashing of the Inheritance Tax free allowance in France, by up to two thirds.
 
With the former, beneficiaries could be better off by paying less tax, yet the latter indicates that thousands of people would be negatively affected by having to pay considerably more Inheritance Tax on the estate which they have inherited.
 
It is an uncertain time which has given many expats cause to question whether or not it would be more beneficial for their loved ones, if they should give up their French home and return to the UK.
 

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