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QUESTION ABOUT THE NEW 5-YEAR WEALTH TAX EXEMPTION

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QUESTION ABOUT THE NEW 5-YEAR WEALTH TAX EXEMPTION

Postby User_59234 on Sat May 30, 2009 9:23 pm

Hi!

I understand that the new 5-year wealth tax exemption only applies to "overseas assets".
So what are regarded as "French assets"? Obviously a house in France, but what about bank deposits, or any other investment that could easily be moved into or out of France?

Best regards, Bill
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Re: QUESTION ABOUT THE NEW 5-YEAR WEALTH TAX EXEMPTION

Postby Ed. on Sun May 31, 2009 3:38 pm

Hi Bill,

The clause relates to all assets located in France, including cash and other investments. Any yes, of course, cash assets can be moved around, and they often are!
Editor, IFP Guides
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Re: QUESTION ABOUT THE NEW 5-YEAR WEALTH TAX EXEMPTION

Postby User_59234 on Sun May 31, 2009 3:55 pm

Thanks Ed
Funny that the French don't seem to want to encourage investment in France!
Regards, Bill
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