What is taxed under French Inheritance Tax Law ?
The French tax code determines the inheritance tax liability as follows:
- If the deceased is a French tax resident: on their worldwide estate
- If the deceased or the heir are non-French tax resident for the past 6 years: only on the assets located in France
- If the deceased or the heir is a French tax resident for at least 6 years over the last 10 years: on their worldwide estate
What is taxed under French Gift Tax Law ?
Any transfer of property made as a gift and by a person who is a French tax resident or if the donated asset is located in France.
Tax classes for French IHT and Gift Law
The tax rate depends on the relationship between the deceased/donor and the heirs/ recipient:
