Melody

[quote]I am reading this right or is this a wind up. " However, looking at the wealth tax bands on the French Embassy's site between third and half of the meagre income we would have, produced by renting o...[/quote] Wealth tax is paid on world wide assets - not income. I think an income of E720,000 is huge!

I am hoping to be able to move to France. However, looking at the wealth tax bands French Embassy's site between third and half of the meagre income we would have, produced by renting out our UK property and from interest in UK banks, would be swallowed up by wealth tax, making the move impossible. I assuming that the whole household's income is added up together and E720,000 is allowed tax free. I am also assuming that the funds underlying our future pensions would be considered part of our worldwide wealth. With the new European directive, whereby savings institutions will inform one's country of residency about income from interest it seems even more important to get everything set up correctly. Wrapping ones assests up in offshore trusts seems uncertain and very expensive to set up as far as I have read. I would be very grateful for advice.