Unlike in the UK, French inheritance tax is paid in France by each individual beneficiary (and not by the deceased’s estate).
The French tax free allowances, taxable inheritance and rate applicable vary depending on the relationship of the beneficiary to the deceased.
For an individual domiciled (ie habitually resident) outside France, only their French assets are liable to French inheritance tax. However, should the deceased die domiciled in France, the beneficiaries would be taxed on their share of his worldwide assets (except real property outside France).
Their French real estate (immovable property) devolves under French inheritance laws but their movable property in France may devolve under their Will.
To arrange a discussion with a French property solicitor click here or call us on 0800 840 4929. We are available to take your call twenty four hours a day, seven days a week.
