Up until now as a French property owner who comes from outside of France you were impacted by the Napoleonic law that imposes restrictions on how you can divide up your estate.
Now with the new European Certificate of Succession regulations you can opt out of the succession law in France and instead use the Succession law of your own country, however, there are certain guidelines you must follow including the opting out must take place before you die.
This new ruling is called “Brussels IV” and the regulation takes effect from 17th August 2015.
A very important note is that even if you want to and can choose the succession law of your home country when you own French property you will be still liable to French succession tax.
We are not tax advisers or tax lawyers so we recommend you learn more by referring to your own tax consultant.
If you would like to be introduced to an English speaking French tax planner please contact us here
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