Patrick Delas, leader of our French tax team, looks back at the series of tax reforms passed during the last 18 months in France. During that period, the country has been through a presidential election, a general election, two annual budgets (LFs), and no less than seven supplementary budgets (LFRs).
This article, first published for Tax Notes International, looks at issues from the perspective of U.K. or U.S. residents potentially subject to capital gains tax, wealth tax, and trust reporting and tax obligations on property owned in France.
A similar article was also published in the April newsletter of the Association of Contentious Trust and Probate Specialists (ACTAPS).
France - a look back 18 months of tax turmoil - Tax Notes International - March 2013.pdf