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Is my information safe with French estate agents?
Using major national estate agencies is an option if you need to have more confidence
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Must foreign savings accounts be declared during French taxes?
Admitting errors may make the authorities more lenient
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French grants for home renovations are changing
Act now if you want to fit a wood stove before the MaPrimeRénov grants are reduced in 2025
Parents warned on French property handover
Donating the freehold of a property to your children while you maintain use of it could be considered an abuse by the taxman from January 2020, a financial thinktank has warned .
Cercle des fiscalistes says a provision in the 2019 Finance Act means that parents donating the nue-propriété while retaining usufruit (a life interest) could end up being heavily fined.
It hopes the new text will be struck out by the Conseil Constitutionnel.
Tax payable by offspring at the time of receiving a nue-propriété gift is lower than if inheriting the same property later, as the value of the gift takes into account the fact the beneficiary does not (yet) have full rights to it.
Up to now, the arrangement could legally be contested only if it was proved to be done exclusively for tax reduction reasons. The new text changes this to “principally for tax reasons”.