andyasj Posted October 10, 2006 Share Posted October 10, 2006 I wish to buy a house in France for my retirement but am concerned about inheritance tax. I have no surviving spouse or children. Is there any way to avoid the 60% inheritance tax. I have only one main beneficiary in my will. Is there any way of house purchase that could avoid or reduce this tax? Link to comment Share on other sites More sharing options...
Pickles Posted October 10, 2006 Share Posted October 10, 2006 If you intend to be resident in France then unless you buy it in the name of your heir (essentially, you give him/her the money and he/she buys the property), I don't think that you can avoid inheritance tax. How much do you trust your heir? The other alternatives are to leave it to a large number of people (so that each has a share worth around the 5K euro limit (or whatever is the current tax-free limit to a non-connected person)) or to leave it to a charity. If you are going to be UK resident, then going down the route of having the property owned by a company might avoid some problems, but would introduce others in the form of an income tax liability on your use of the property.Pickles Link to comment Share on other sites More sharing options...
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