Richard Frimston, partner at Russell-Cooke, discusses the provisions in the French supplementary Budget in force July 31, 2011 on the taxation of trusts and estates, which introduce a definition of a trust created under foreign law. Considers the application of gift and succession taxes, double tax treaties on estate duty and wealth tax. This article was first published in Private Client Business Issue 6, November 2011 and can be viewed online by clicking here.

The 2011 Supplementary French Budget... - November 20111.pdf