Ways to reduce French Inheritance tax

My 44-year-old son, my only child, lives with me in France in our home. The property is worth around €200,000, which means that on my death he would have inheritance tax to pay on around €100,000 of itHe does not earn a lot and there will be no cash left in my estate. I have been told that if he does not pay the tax within six months he would be forced to sell the property and would effectively be homeless. Are there any steps that I can take to avoid this? tax to pay on around €100,000 of it.

The law takes account of situations where the inheritance does not allow for enough liquid assets to pay tax immediately or the heirs cannot afford to do so.

At the time of your death, your son can apply to pay the tax liability in instalments.

This is called paiement fractionné and in some cases it only extends for a year, however where ...

To read the remaining 85% of this article, you need to either

Subscribe now to The Connexion and benefit from access to our archived articles since 2006

3 Year (Our best value offer)

3 years of great reading in print and online

17% discount on the price of a 1 year subscription

Subscription automatically renews so you don't miss an edition. You can switch this off in the 'My Account' tab which will appear top right of site once you are subscribed

1 Year

1 year of great reading in print and online

Subscription automatically renews so you don't miss an edition. You can switch this off in the 'My Account' tab which will appear top right of site once you are subscribed

Freedom Subscription

Pay every three months. Our most flexible subscription

Subscription automatically renews so you don't miss an edition. To stop your subscription, you just switch off the automatic renewal function in the 'My Account' tab which will appear top right of site once you are subscribed

More articles from Your Questions
More articles from Connexion France
Other articles that may interest you

Loading some business profiles...