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French Farce - British Expats face £8,000 fine if they do not declare Inheritance Trusts


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French farce as British expats face a shock £8,000 fine if they do not declare their inheritance trusts to the Paris tax office

In a matter of days, all of the 200,000 British expats must for the first time inform the Paris tax office of any inheritance trusts they are named in or they have set up for relatives in the UK.

Thousands of Britons living in France face a shock €10,000 (£8,000) fine in a draconian tax clampdown across the Channel, Money Mail can reveal.

The French Government is using a stealth ploy to squeeze extra cash from foreigners to help pay off its whopping €1.7 trillion national debt.

Read more: http://www.dailymail.co.uk/money/mortgageshome/article-2158326/British-expats-France-face-shock-8-000-fine-declare-inheritance-trusts.html#ixzz1xmmGQ3RJ

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