Pangur Posted May 20, 2005 Share Posted May 20, 2005 Does anyone know which tax law kicks in when receiving an inheritance/gift from one EU country when you're a French resident?In Ireland, there is no tax paid on family gifts under about €400,000 while in France, the threshold is about €50,000. If we receive a gift from Ireland, do we have to pay the French gift tax? I have a feeling the answer is not the one I'm hoping for Link to comment Share on other sites More sharing options...
Hegs Posted June 1, 2005 Share Posted June 1, 2005 As I understand it you are only liable if you have been resident in France for 6 of the last 10 tax years. I found a reference to it on the French Embassy site UK, it is very clear, section F/ INHERITANCE AND GIFT DUTIES, I suggest you print out a copy!http://www.ambafrance.org.uk/fiscal/maj/menu/fiscalitefr/pardeugr.htmHopefully there helps, this looks general and not UK specific. Link to comment Share on other sites More sharing options...
Pangur Posted June 2, 2005 Author Share Posted June 2, 2005 Thanks v much Hegs - that's a really useful website Link to comment Share on other sites More sharing options...
Sprogster Posted June 2, 2005 Share Posted June 2, 2005 My understanding is that the French equivalent of inheritance/gift tax is liable against the recipient of the gift, if they are French resident. Unlike the UK where the tax liability falls on the Estate of the donor. Link to comment Share on other sites More sharing options...
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