What is the current situation with inheritance tax in France?
Recent changes to the law by President Nicolas Sarkozy mean that as many as 95% of the French population will no longer pay any Inheritance tax at all on the death of their parents, thus benefiting British homeowners in France who previously would have been liable to this tax. Under the new legislation, the threshold for the amount which each child can receive per parent before tax has been raised from 50,000 EUR to 150,000 EUR. For brothers and sisters this amount raises from 5,000 EUR to 15,000 EUR and for nephews and nieces this amount is 7,500 EUR. You are also able to make annual donations to children, grandchildren etc which are free of inheritance tax, as opposed to previously, when donations were restricted to ten year intervals. Up to 30,000 EUR may be given every year tax free so long as the donor is under 65 years of age on the day of transfer and the recipient is over 18. All these changes mean that property investment in France is now as equal a solid investment as it has
