Tax dodge of the week: good news if you own a home in France
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Good news for the 500,000 Britons who own French property, says Money Marketing. President Nicolas Sarkozy’s tax reforms, introduced with immediate effect, mean that your children are likely to pay little or no inheritance tax (IHT). The French IHT threshold is rising from e50,000 to e150,000 per parent for each child. Since any French asset is taxed in France the change will benefit holiday home owners as well as residents.
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