IFAs are receiving frequent requests for advice on inheritance tax issues in France and Spain according to IHT planning specialist, WAY Group.
France and Spain are popular retirement destinations for expatriate Britons but confusion over IHT laws could cause relatives to lose out. Almost one million Britons are now living in France or Spain and WAY Group has reported a ‘significant’ rise in enquires from expats concerned about complex taxation laws. Under French law, expats do not receive an exemption from the €76,000 personal allowance on transfers between husbands and wives. In addition, each child only has a €50,000 personal allowance and many Brits are unaware that children have more rights than their spouses under French l...
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