La vieille Posted April 13, 2006 Share Posted April 13, 2006 We have not bothered to do anything about our marital regime as we have only been married once and only have one (adult) child who we are quite happy for the house to go to.If one of us dies then the house automatically goes to our daughter, but does anyone know about the effect on inheritance tax in Britain? If the house is worth £100,000 for example, does this go against the inheritance tax limit in the UK of the person who has died? Or because it was joint owned in France does only £50,000 go aginst the IHT allowance with the other £50,000 going as a gift from the person who has not died? Or do we have to pay some form of inheritance tax in France?Many thanks for any thoughts! Link to comment Share on other sites More sharing options...
LesLauriers Posted April 13, 2006 Share Posted April 13, 2006 You do not say if you are French or UK tax resident, however as you mention UK inheritance tax then I will assume you are UK resident. In which case the French property will eat into your UK inheritance tax allowance. The gift part would only be taxable if the second person dies within seven years of making the gift. Link to comment Share on other sites More sharing options...
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