Transferring between AV policies

We have been in France for 16 years. We have an assurance vie in Luxembourg and another in the UK. The UK policy now contains practically nothing. Both have been set up for at least 10 years.

We need to close the Luxembourg account (which has sizeable fees) and use at least half of the value to purchase a house. Can we transfer the balance to our British AV and what tax implications would there be? Would QNUPS be a better way to go?  R.L.

Life assurance ...

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