Charlotte Macdonald is an associate solicitor in Stone King’s international and cross border team. Over a 12-part series of articles Charlotte will answer legal and practical questions that are often asked by her clients in relation to buying or selling…
A look at tontine, en indivision and société civile immobilière and how this affects the surviving spouse.
The Compromis de Vente is the first formal and legally binding stage in the property purchase process in France.
Brussels IV – The EU succession regulation Two years ago the EU succession regulation – more commonly known as Brussels IV – came into force. But how is this affecting British nationals who live, or own property, in France? The…
You know what a French notaire does, but what about an English notary? How do they fit in and why might you need one?
Are you one of the many people who dream of retiring to France? To make sure your money lasts for as long as necessary, it is essential to review your arrangements now.
Having found your bargain dream house, it can come as a bit of a shock that the buyer pays the agency fees and the legal fees…
A recent case of France’s supreme court, decided that a Monaco company was not subject to inheritance tax on French property upon the death of a shareholder.
It is essential to grasp the French ownership concept of propriété, and the implications of usufruit on inheritance, gifts and other transactions.
When UK nationals buy property in France and/or move to live there, one significant difference between the UK and France that they need to be aware of is the French succession (inheritance) law, and the implications on inheritance tax.
If you sell a property in France for more than you paid for it you are potentially liable for tax on the capital gain, but there are exceptions.
It may be that you wish to make a gift of the whole or part of your French property. …
Finding your way around French legal terminology is not always easy. Here is a glossary of some of the most commonly used phrases and terms…
Video update: An expert weighs in on what action should be taken by owners of French property in view of the inheritance law changes in France on the application of the 2015 EU rules.
There are various tax-free vehicles available in the UK. But what happens when we move to France? Do we retain these accounts? Will they work for us as French residents?
There can be significant differences between taxation in the UK and taxation in France. A must read in order to help maximise your returns on your money.
Our experts answer questions from our readers. In this case, the query is about the validity of a foreign power of attorney in France.
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.
Have you heard of the film My Old Lady, starring Kevin Kline? Longevity is generally a cause for celebration but not perhaps for the person who purchased an apartment en viager.
Renting out their UK property offers extra income and flexibility for movers who are not fully decided on their permanent location.
A Perfect Plan Director: Pascal Chaumeil Cert: 15 Running time: 104 mins Despite its strong cast led by Diane Kruger and Dany Boon this romantic comedy is let down by an implausible plot, flitting between forgivably silly and downright ludicrous.…
First dates can be nerve-wracking enough, but cooking a three-course French dinner for a Frenchman can turn into a downright disaster – as Cathe learnt the hard way!
Wealth Tax in France or Impôt de Solidarité sur la Fortune is an annual tax on the sale value of your assets, based on their value on the 1st January each year. Who is affected? The taxable threshold for…
If you are French tax resident, you will also be considered “domiciled” in France for inheritance purposes and your worldwide estate will be subject to French inheritance rules and taxes …
These days, with marriage rates at their lowest ever, if you are moving to France there is a tax-efficient alternative to marriage available.
For French residents looking to generate income from renting out gites or other investment property there are a number of different French income tax regimes applying to rented property which determine the amount of net income you will actually be…
The legislation in France relating to trusts has changed. Historically, France had not recognised trusts as a vehicle of asset ownership or protection…
Inheritance law enquiries are common for lawyers dealing in French property, here Marie Antoinette Bassini of Kingsfords LLP provides a case study of a reoccuring problem…
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 …
For most UK residents, making a move across the Channel does not mean a change in estate planning objectives. But what is likely to require a change is the financial planning approach and the techniques used to achieve these objectives.
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.
Nowadays, few families exactly resemble the nuclear/traditional family which the French Civil Code seeks to protect with its strict succession laws – often referred to as “forced heirship rules”. Deciding who will benefit on your death is a complex subject.
The Regulation will apply to the succession of persons who die on or after 17 August 2015 although there are certain transitional provisions now in force, so if a person chooses the law applicable prior to 17 August 2015 that choice will be valid.
EU adopts Regulation 650/2012 on matters of succession, also referred to as “Brussels IV” .
Many French Entrée readers will be planning to move to France, probably on retirement. At that stage it is likely that they will need to rely heavily on that pension …
French taxes are renowned for being high, what with income tax and social charges on all forms of income, as well as an annual wealth tax. However, although the headline rates sound high (52.1%!), it is often unlikely that a retiree would have to pay such high taxes.
Too many overseas property owners fall foul of international inheritance laws and tax regimes. Protect your foreign assets for future generations.
The proximity of France to the UK makes France a very accessible country for Britons to own holiday homes. For many they are more than just ‘holiday homes’, as they spend a considerable amount of time enjoying life over the Channel.
You will have seen in recent months mention of QROPS and the potential attraction to non-UK residents. QROPS were introduced in April 2006 as a means to allow individuals with UK pension funds to transfer their pension funds abroad.
If you have £100,000 to spend on a coastal property in France, what can you get for your money? FrenchEntrée Property Consultant Gaëlle Perreaux looks at the options in Brittany and the south of France
Are you or will you become a British expatriate living in France? Do you own property in France? Both France and the UK impose an inheritance tax, but which country will tax you?
Early April in the UK sees the end of one tax year and the start of another. While in France, the end of April brings the delivery of annual household tax forms for return to the French taxman by the end of May.
There’s no avoiding the fact that living in France doesn’t suit everybody. For those who are thinking about returning to Britain, Mervyn Simms, former Director of financial experts Blevins Franks, offers some guidance…
No! Whether a person has French nationality or not has no bearing on the availability of investments in France, as Charlotte Sephton of CA Charente-Périgord explains
It is always better for people who own a property in France to make a French Will disposing of their interest in that property, whether they live in France or not. In some cases, it is absolutely vital.
On the 15th February 2010, a new HMRC statutory instrument came into force which creates significant opportunities for UK resident domiciles and British expatriates who remain UK domiciled to save UK inheritance tax (IHT) as well as local taxes in the country in which they are tax resident.
Edward Coxall of Mayo Wynne Baxter LLP looks at one possibility for minimising the costs associated with transferring French property owned by a UK company to its members.
French law offers a wide variety of structures for new businesses looking to establish themselves within l’Hexagone. The last few years have seen a number of important reforms which have brought about changes to the way companies can be set-up and expanded.
As a French resident you are taxed on your worldwide income, which includes UK investment income. The investments that are tax-efficient in the UK are not tax-efficient elsewhere, such as France.
Financial experts look at some of the different options for people looking to save and invest money when living in France…