New French inheritance tax rules at a glance

New French inheritance tax rules at a glance

• New changes treble the amount a parent can leave to each child before paying inheritance tax, up from €50,000 to €150,000 (£33,000 to £100,000).

• Transfers between husband and wife are now free from inheritance tax, mirroring the UK rules.

• You can get tax relief on mortgage interest, provided you are resident in France and took the mortgage out after May 6.

• You should seek independent legal and financial advice on structuring the ownership of your property. Otherwise, French succession laws may limit how much you can leave to your surviving spouse, and how much you must divide between your children.

• Expect to deal with the French inheritance tax system if you buy a property in France, even if it is only a holiday home and not your permanent residence.

read more in the Telegraph online.