French inheritance law is substantially different from the position in the UK. After much debate on the new EU succession regulations effective August 2015 it is still a fact that owning assets in another jurisdiction increases legal and tax complexity.
Articles by Matthew Cameron
The legislation in France relating to trusts has changed. Historically, France had not recognised trusts as a vehicle of asset ownership or protection…
If you are considering buying a holiday or permanent home in France as part of your retirement, it will be important to review the various implications and the changes coming in 2015 …
Until the introduction of a French finance law in July 2011, there had been a lot of uncertainty surrounding the treatment of foreign trusts with any connections to France. The new regime has brought in different rules regarding inheritance and gift tax, wealth tax and income tax of trusts.
It will not be something that buyers will wish to contemplate when they are taking out a mortgage for their purchase, but it is important to understand just what may happen if the lender has to repossess a person’s property in France.