Bit of tax advice needed

Banking & Financial Tax & Social charges
#1

Morning all

Quick bit of advice needed.

We have just sold our property in the UK, and have given our two daughters a sum from the proceeds of the sale.

I have sorted out the tax declaration in the UK, and need a bit of advice in relation to the declarations I need to do here in France.

I know I need to declare the sale to French Tax Authorities, though having done a lot of research, there should be no CGT liability, as we have held the property since 1984.

I know I need to declare the gift to our daughters, again there should be no liability as it is under the 35,000 euro limit.

Can anybody confirm when, and how I do the declarations.

If anybody can point me in the right direction, I would be most grateful

Thanks

Andy

#2

May be out of date but I found this reference as a strating point perhaps:

Tjhe CGT (social charges) position may be different if you hold an S1 of course…

#3

For gift information see

for general information and

for the procedure

#4

would those measures apply where the recipient of the gift is UK resident and the asset funding the gift is also derived from UK sources?

1 Like
#5

It is not the tax residence of the recipient but of the donor. If the donor is tax resident in France then gift legislation applies to worldwide assets.

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#6

understood, thanks