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Post by houpla on Jan 20, 2024 0:30:12 GMT 1
You’re looking at it from UK perspectives and not unsurprisingly as parents. The French take on taxing beneficiaries other than offspring is anything but generous. A sliding scale depending on degree of relationship, quickly becoming the max of 60%. That’s disgusting!
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tim17
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Post by tim17 on Jan 20, 2024 7:51:41 GMT 1
You’re looking at it from UK perspectives and not unsurprisingly as parents. The French take on taxing beneficiaries other than offspring is anything but generous. A sliding scale depending on degree of relationship, quickly becoming the max of 60%. That’s disgusting! It may be 'disgusting' to some but it's a good revenue earner. Even though the UK allowances are generous compared to France and affects just 4% of estates IHT still contributes £7 billion to the coffers annually and this is forecast to reach £10 billion by 2028. Now we're in the UK my stepchildren are now completely protected from French IHT which would have pretty much destroyed any inheritance.
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Nifty
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Post by Nifty on Jan 20, 2024 9:50:33 GMT 1
I think it is one of the reasons why the standard of living is better for the majority in France than the UK.
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Post by jeliecrack on Jan 20, 2024 10:50:20 GMT 1
10 Billion doesn't cover the defence bill of around 33 million a year.
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