Description
Included: Video Recording / Slides / (1.5 hours)
Do you have clients with relatives, property, inheritances or business in Quebec or France? Learn about inheritance, tax, and planning strategies for residents and non residents.
We start with a comparison between a Civil Law Succession vs a Common Law Estate and the second part of our presentation is Preparing for France.
Part 1: Civil Law Succession vs Common Law Estate
70% of transfers of assets on death are governed by Civil Law
What are the key differences between a Civil Law Succession and a Common Law Estate?
Taxation on death in Civil Law jurisdictions: Succession Duties payable by the heirs
Double taxation : Can\US\UK tax the deceased - Civil Law countries tax the heirs
No domestic trusts in Civil Law countries ( except QC)
Part 2 : Preparing for France
France is a unique tax jurisdiction : Succession Duties 15%-60% on gross assets
If an adult child is transferred to France for work, what is the impact for Canadian parents and their estate planning ? is the child a beneficiary of a trust: annual disclosure to French Tax authorities
If a Canadian wishes to acquire an apartment in Paris or a villa in the South of France : how to defeat Forced Heirship ? How to reduce Wealth Tax on real estate ( Impôt sur la fortune Immobilière )? How to reduce French Succession Duties ?
Presenters:
Louise Houle, LL.M., TEP - Avocate-conseil • Counsel
DE GRANDPRÉ CHAIT S.E.N.C.R.L./LLP - Montreal
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Marie Catesson head of Estate Planning at the law firm Fidal LLP - France
Sebastien Laisney, head of Taxation at Fidal LLP - France
Fidal is the largest law firm in France: 2,200 lawyers in 87 offices across France.