More frequently than not, when an SCI sells its property, once the French CGT (Plus-Values) has been paid, the residual sales proceeds tend to be paid into theRecent Successful Appeals for the recovery of Prelevements SociauxTax conventions between France and the UK determine the residence and domicile of the individual as well as the different categorisation of income for taxCapital Gains Tax the rules and rates that apply on the sale of a French propertyEuro zone bank-to-bank (Euribor) lending rates are historically lowThe European parliament has progressed with a proposal which allows expatriates in France to dictate in a will that they want the law of the state of their nationality to apply to their estate and not French inheritance law. The new EU Regulation will bring legal certainty to this issue.experts in obtaining competitive French , Spanish mortgage interest rates and optimise tax efficiency during French property ownership.The Tax Advantages of a French mortgage when purchasing a French holiday LetTo help citizens become better informed about these laws, the Council of Notaries of the EU has created a website (www.successions-europe.eu), with the support of the European Commission, in 22 EU languages plus Croatian. Our expertise covers tax, estate planning, pensions and investment management to offer a genuinely holistic approach to financial planning.Brussels IV may therefore not be the panacea for estate planning in France. The UK’s withdrawal from the UK does not change any existing UK rules for inheritance tax. However, since 2015 EU Regulation 650/2012, also known as ‘Brussels IV’ allows forced heirship Text of previous article as originally published in October 30, 2013 about inheritance law changes in France: Many people owning (or thinking of buying) property in France will be aware that French law currently governs the taxation and devolution (who gets what when you die) of your French real-estate. Blevins Franks has been providing specialist financial advice to British expatriates across Europe for over forty years.
This leads to great legal uncertainty and distress for people who want to plan their succession and their heirs, or who may become embroiled in legal and administrative difficulties on inheriting property in another Member State. There are tools available to help with estate planning in France, but you to ensure that the arrangements you use achieve the results you are looking for. Wills made under UK law remain valid and property abroad continues to be subject to local rules. Inheritance tax will continue to be levied on transfers of worldwide assets by those domiciled in the UK and transfers of UK assets by non-domiciled people.