overmonnow Posted July 6, 2005 Share Posted July 6, 2005 HelloHas anyone had any experience of the use of a trust in France? My understanding is that trusts themselves are not recognised in France in the same way that they are in other countries, or are interpreted in strange ways. However, I have also read that foreign trusts ARE recognised by the French government - so, if I was resident in the UK, and wanted to buy a property in France to put in trust for someone, could I place this within a UK-based trust, for example, a Self-Invested Personal Pension?Many thanks, Alistair Link to comment Share on other sites More sharing options...
Richardbk Posted July 22, 2005 Share Posted July 22, 2005 Trusts are not recognised as a legal entity in France. If you buy a house with a trust it can never be sold as the trust can not be placed on the land registry sold list. A trust is 'recognised' as a virtual entity. However, the only legal entity that is recognised is the holder/s or executor of the trust. The reason this is done of course to ensure that inheritance and tax laws can not be avoided or bypassed best regs Richard Link to comment Share on other sites More sharing options...
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