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Effects of taking French nationality
We are British and live in France. Will our inheritance or tax status change if we take French nationality? G.R.
No, there should be no significant changes.
For example, with regard to the EU regulation which allows you to choose to leave your estate according to the law of your nationality, France signed up to it and its application is universal.
So it can also apply to Americans, Australians etc. and thus Britons too after Brexit.
People with dual nationality are free to choose which state’s law they want to apply to govern their estate, so you could still choose English law.
As for inheritance tax issues between the UK and France, governed by the UK/France succession treaty, the rules are not based on nationality.
Other taxation generally also does not depend on nationality but residency and the nature of the income.
With regard to tax on income from the UK for example, the same rules in the UK/France double tax treaty would continue to apply.
Reader's query answered byHugh MacDonald
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The information here is of a general nature. You should not act or refrain from acting on it without taking professional advice on the specific facts of your case. No liability is accepted in respect of these articles. These articles are intended only as a general guide. Nothing herein constitutes actual financial advice
