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New French Inheritance Tax Reduction and French Real Estate

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2012 There is a new French law being drafted that will reduce the amount of tax free inheritance you can receive for a property inFrance:

In summary, courtesy of Delphine Parigi, French Tax Attorney, if accepted the following will happen:

Inheritance tax: reduction of the personal allowance applicable to gifts and inheritances on the part of each of the ascendants and each child living or represented at € 100,000 (instead of € 159,325) and longer period of recall tax donations to 15 years (instead of 10 years).

Read more at http://www.dpz-avocats.com/en/news

For more specific details please contact us and we can put you in touch with a qualified French tax expert.