Your legal questions answered: French property and tax

Your legal questions answered: French property and tax
Your legal questions answered: French property and tax

Consultant Solicitor John Kitching and Sarah-Bright Thomas of Bright Avocats answer reader questions in the June edition of Connexion.

Will gifting property now save tax later?

Question:

A friend lives in one of my properties “titre gracieux”. I wish to transfer ownership before I die, as it would otherwise be subject to inheritance tax. Is it possible to transfer the property without money changing hands (or for a nominal amount) and avoid costs, other than the notaire’s fee? D.G.

Answer:

Unfortunately, a gift of property made in your lifetime is subject to the same tax rates as apply for inheritance. If a gift is made, then gift tax is paid on making ...

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