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Inheritance Law in Europe regarding your property

7/07
International news /
The Inheritance law process changed in Europe since august 2015 and has impact on your property:

ALL PROPERTIES WE ARE OFFERING ARE FREEHOLD!

Generally speaking, "freehold" means that you own the property and the land. When you pass away, the ownership is transferred to your inheritor according to the law that is applied.

It is important to give consideration to the tax and inheritance implication in both France, your country of residence and your home country.

On the 17th august 2015, a new inheritance law has been voted in France to align its system with the European regulation. Thus, the inheritance of French Real Estate and all the assets is subject to the last country of residence of the deceased.

However, the national law (home country of the deceased) can be choosen for inheritance enforcement with a simple will validated by a notary. Thus, if the law that is meant to apply, ie the law of your country of residence, does not please you, you will be free to replace it by the law of your country of citizenship.

However, regarding the taxation, the French Law, where the property is located, will be applied no matter the residency of the deceased.

The rate of the inheritance tax depends on the link between the beneficiary and the value that the inheritor receives.

If you have special needs or requirements, we will organize a meeting between you and a public notary or a lawyer, to receive the best advice.

 

Please, note that the above information is general and shall not be used for legal purpose. It is certainly not substitute to a professional advice.

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