FLASH News

  • FRENCH WILLS, OLOGRAPHE, SUCCESSION, LAW APPLICABLE, RENVOI
    16/04/2018 - FRANCE TAX LAW 0 Comments
    WILLS AND RESIDENCY

    In December, France lost one of its greatest singers and idols of several generations, Johnny Hallyday. The sadness of his death has now been shadowed by a media unpacking around his estate and his Will. Johnny Hallyday had two children from previous unions and adopted two children with his surviving spouse, Laeticia - a situation that is not unusual nowadays. According to his Will, he designated Californian law as the law applicable to his succession and bequeathed all his estate to his wife, to the detriment of his two children from previous unions.

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  • 14/03/2018 0 Comments
    FRENCH PROPERTY NEWS ARTICLE

    In this month French Property News Magazine I will be looking at the different options to give a property to your children.

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  • 26/02/2018 - FRANCE TAX LAW 0 Comments
    cooling off period "to be continued...."

    Yet again another decision made by the High Court on 14th February 2018 regarding the cooling off period in France. This time the Notaire is directly involved because the claim was made against him by a vendor.


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  • inheritance, french, tax advice, succession, surviving spouse, tax threshold, life interest, usufruit, nue propriete
    12/02/2018 - FRANCE TAX LAW 0 Comments
    FRENCH INHERITANCE TAX

    Most of European countries have ratified the European succession Law and Monaco has now decided to create its own international rules to match the rest of Europe. As a result civil law will no longer be an issue for an English national as he will always be able to apply English law to his assets wherever he is located.

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  • 19/01/2018 - FRANCE TAX LAW 0 Comments
    SOCIAL CONTRIBUTIONS VALIDATED BY EUROPEAN COURT OF JUSTICE

    The European Court of Justice said in the case JAHIN (CJUE 18/01/2018 – CASE C45/17 JAHIN) that a non-resident of France living outside the European Economic Area and Switzerland could be subject to social contributions (CSG and CRDS) levied on their income in France by the French tax authorities.

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  • marriage, french succession, frenh property law
    08/01/2018 - FRANCE TAX LAW 0 Comments
    French legal marital regime

    We are one year away from the new European legislation regarding matrimonial regime that was voted and adopted by 18 members of the European Union. It will

    come into force in the countries that voted and adopted it from 29th January 2019 and has for aim to replace The Hague convention dated 14th
    March 1978. There is no doubt that Notaires and International Lawyers will have to review their client’s personal situation regarding their French and overseas
    assets for estate planning purposes. They will also have to juggle with the Hague convention, Common Law and new legislation to assess the nature of the assets.

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  • 06/12/2017 - FRANCE TAX LAW 0 Comments
    Cooling off period and post office

    The cooling-off period, which was introduced after the law dated 13th December 2000 and amended by the law Macron dated 6th august 2015, provides that a

    non-professional purchaser can withdraw from the contract within a period of ten days starting "from the day after the first notice by the post office”. Notaires and estate agents tend to send contracts duly signed by the parties to each purchaser by registered post without worrying whether or not the recipient of the letter is the actual purchaser.
    A recent court case dated 12th October 2017 brought a new position regarding the validity of a cooling off period signed by a third party.

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  • 14/11/2017 - FranceTaxLaw 0 Comments
    MONACO CATCHING UP ON PRIVATE INTERNATIONAL LAW

    On 28th June 2017 the National Council of Monaco voted a new Act on private international law to complete the existing provisions and bring a legal solution to the competent jurisdiction and applicable law in situations involving various jurisdictions as well as establishing recognition of foreign decisions and instruments.

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  • wealth tax, france
    14/11/2017 - FranceTaxLaw 0 Comments
    NEW WEALTH TAX IN FRANCE : IMPOT SUR LA FORTUNE IMMOBILIERE

    One of the promises of Emmanuel Macron was to replace the current wealth tax by a new tax that would only apply to real estate. The capital property tax (IFI) as envisaged by Emmanuel Macron consists of taking out financial investments, savings, luxury movables (cars, yachts, horses…) and other securities from the taxable assets of the ISF in order to retain only real estate.

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  • 14/11/2017 - FranceTaxLaw 0 Comments
    FRENCH SUPREME COURT RULES OUT FORCED HEIRSHIP IN FRANCE

    Since the succession regulation (EU) No 650/2012 of the European Parliament and of the Council of 4 July 2012 on jurisdiction, applicable law, recognition and enforcement of decisions and acceptance and enforcement of authentic instruments in matters of succession and on the creation of a European Certificate of Succession, that came into force on 17th August 2015 in the states members of the EU, to the exception of Denmark, United Kingdom and Ireland, the question was

    raised in France as to whether or not the forced heirship would prevail over  the regulation.

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