How do the recent changes in the Inheritance/Gift Tax law affect me?
On the 13th July 2007 a new law which is being introduced from 1st January 2008 makes considerable changes to existing French Inheritance/Gift Tax Laws has been adopted be the French parliament. What does it change? • Inheritance Tax between married couples and those with a PACs (Pacte Civil de Solidarit) agreement on first death will no longer be applicable, before limit was set at €76,000 for married couples and €57,000 for PACs partners. • The allowance for children & parents of the deceased has now been increased from €50,000 (per child) to €150,000 (per child) • Brothers & sisters of the deceased can now receive €15,000 each before Inheritance tax. • Nephews & nieces of the deceased will also now be able to receive €5,000 each before Inheritance tax. • No Inheritance Tax between Brothers & Sisters who reside at the same address. • Limit of the amount that can be left to a disabled person who is not a direct heir has been changed from €50,000 to €150,000. • It is now possible under
On the 13th July 2007 a new law which is being introduced from 1st January 2008 makes considerable changes to existing French Inheritance/Gift Tax Laws has been adopted be the French parliament. What does it change? • Inheritance Tax between married couples and those with a PACs (Pacte Civil de Solidarité) agreement on first death will no longer be applicable, before limit was set at €76,000 for married couples and €57,000 for PACs partners. • The allowance for children & parents of the deceased has now been increased from €50,000 (per child) to €150,000 (per child) • Brothers & sisters of the deceased can now receive €15,000 each before Inheritance tax. • Nephews & nieces of the deceased will also now be able to receive €5,000 each before Inheritance tax. • No Inheritance Tax between Brothers & Sisters who reside at the same address. • Limit of the amount that can be left to a disabled person who is not a direct heir has been changed from €50,000 to €150,000. • It is now possible unde
