Sarkozy triples French IHT threshold
Threshold will triple from €50,000 (£33,000) to €150,000 (£100,000)
While British taxpayers still complain about the
inheritance tax
threshold, French president
Nicolas Sarkozy has
give a boost to French holiday homeowners by raising the IHT by 300%.
The threshold will triple from €50,000 to €150,000 per parent per child.
The move will also benefit British owners of French properties whether they
are resident or not, as under French tax rules any asset in France is taxed in
the country even if its owner lives and dies overseas.
The dramatic changes follow property price rises, which pushed more taxpayers
above the IHT threshold
Further reading:
Sarkozy’s mortgage tax reforms cut down
UK joins France in green tax crusade