chirpy Posted June 25, 2006 Share Posted June 25, 2006 If a married couple buy in equal shares a house inFrance which is their only residence and have 2 adult children both married what occurs on death of one of the spouses?Can he/she remain in house and continue to live without having to sell and give 25% of value to the children?If savings are below 50000euro then is any death duty payable ---is this calculated on value of house and savings?If widow decides to return to UK and sell the house are their any taxes to pay or restrictions?thanks for any info. Link to comment Share on other sites More sharing options...
Will Posted June 25, 2006 Share Posted June 25, 2006 I think the reason nobody has answered so far is that it depends on various things like:1. How the house was bought, according to the Acte de Vente (e.g. en tontine, donation entre epouses, etc)2. Under what regime the couple's marriage is recognised in France.Inheritance taxation and succession law are complex subjects with many variables, so it pays to take proper advice. If you are worried about cost then a notaire in France should not charge for an initial advice session. Link to comment Share on other sites More sharing options...
chirpy Posted June 25, 2006 Author Share Posted June 25, 2006 BOUGHT AS TONTINE,MARRIED 45YEARS AND ARRIVED 5 TEARS AGO AND BECAME RESIDENT AS NO UK HOME.PERHAPS EVERY ONE IS WATCHING FOOTBALL AND MOTERSPORTS.THANKS Link to comment Share on other sites More sharing options...
ali-cat Posted June 25, 2006 Share Posted June 25, 2006 I'll send you a PM, giving details of a financial company, who talked us through all the in's & out's of inheritance laws etc. in France. We dealt with them a few weeks ago & the guy was very knowledgable about the different problems, which can be encountered. Hope it helps. Link to comment Share on other sites More sharing options...
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