Does anybody know about/have experience of being a beneficiary of one while being resident in france. I have been told the the french do not recognise this instrument that is used in the UK as a side step to inheritance tax, what in real terms does that mean as a tax liability in france?, how do they know? Any advice appreciated. sorry if this has already been covered in a previous post
Hi Tom
Gifting is recognised and there are various ways of doing it to avoid or limit paying inheritance tax
Best speak with a notaire who will be up to date with current laws and can answer specific questions
I have several French friends who have been gifted family assets and I am currently helping a client work through her options
Here is some info to start you off
http://www.french-property.com/guides/france/finance-taxation/taxation/gifts-tax/real-estate/