France's tax reforms 'to benefit investors'
Investors in French property could be in line to benefit from recent changes in the country's tax regime.
French president Nicolas Sarkozy has introduced widespread reforms that will have a direct impact on property owners, such as trebling the inheritance tax (IHT) threshold.
This will mean that only the richest people will be subject to the tax, with 95 per cent of property owners now exempted.
Marjorie Mansfield, a financial adviser at overseas property specialist Siddalls, told the Times: "IHT in France used to catch Brits out but for many there is no longer anything to worry about."
Edward Reed, spokesperson for law firm MacFarlanes, added that the reforms were "radical" changes that would help boost the French economy.
He also told the publication that both British expats and owners of French holiday homes would benefit from the new system.
Recently, investors were advised by BuyAssociation to purchase properties in Paris as it was easily accessible from the UK.
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