Search Sort Posts:  Oldest to newest Newest to oldest

06/02/2007, 16:29 Bugsy Joined on 15/11/2006 Vienne (86) Posts 4,175 Re: 2 Families on the move It's very bad here, everyone's leaving don't come.................................................. "Life is Short - Forgive Quickly - Love Truly - Laugh Uncontrollably........ and get yourself an Apple Mac".    Report

06/02/2007, 16:36 Dick Smith Joined on 23/08/2004 Surrey and Manche (Pays Mortainais) Posts 8,914 Re: 2 Families on the move But BB - I've got my next 2 trips booked! Regards Dick Smith Nowhere is there warmth to be found Among those afraid of losing their ground    Report

06/02/2007, 16:37 riff_raff Joined on 06/02/2007 Posts 32 Re: 2 Families on the move very bad indeed , been many times to differant parts, and enjoyed every part. What are the pro,s and cons to have the French governing your assets ? Thanks all Mr Riff      Report

06/02/2007, 16:47 You can call me Betty Joined on 23/08/2004 Beaver-Free Zone Posts 1,043 Re: 2 Families on the move Just do a Google on "French inheritance law" and  you should find enough information to understand the basics, then imagine how much more complicated the situation would become if and when someone dies and a property is jointly owned by two families. This will possibly enable you to come back with some specific questions because, at the moment, I can't think of anyone on the forum who has done what you're planning to do. Without wishing to discourage you, what you propose (in terms of its legal implications over the long term) is probably being looked at by people and thought of as too complicated to contemplate, let alone explain, hence no-one's immediately jumping in with specific answers to your very vague and general questions!! It's a complex area, and as many people say on here, it's one where you almost certainly need to consider paying for professional advice to be certain of getting information that's totally appropriate to the scenario you are proposing. However, one thing is certain: if you want to move lock, stock and barrel to france and set up any sort of business, then the question of whether it's better to be governed by UK or French tax/inheritance law is academic. You don't have a choice. It'll be French. In the year 2159 If man is still alive If woman can survive, they may find................    Report

06/02/2007, 16:50 Will Joined on 22/09/2004 Sussex & 50 (Mortainais) Posts 5,102 Re: 2 Families on the move "What are the pro,s and cons to have the French governing your assets ?" Basically that under French inheritance law if one of you shuffles off this mortal coil the French state will take 60% of the value of what you leave unless you get things set up properly, and to do that is not very easy in a property jointly owned by people who are not blood relations. And running a business can make it worse. You need to quote the magic letters SCI (a property owning company) which should help in such circumstances, but most important of all you need good advice from somebody qualified to give it. You also mention not paying tax while the business gets up and running. It's unlikely that you would have to pay a lot of tax as such, but what you will have to pay, regardless of whether the business makes money, are the cotisations - a sort of expensive equivalent of NI in Britain. Again, there are ways of limiting this, and again, you need professional advice. Edit - Betty posted while I was writing this - glad we seem to agree. Will intentionally blank signature http://www.vienormande.com    Report

06/02/2007, 16:52 Beryl Joined on 01/01/2006 Posts 816 Re: 2 Families on the move There was a lady on the forum last year that was trying to sell a property or buy out her friends' half and there were all sorts of complications ( and both parties were still alive). It was a friendship threatening and costly situation to be in. I don't know how it all ended.    Report

06/02/2007, 16:58 riff_raff Joined on 06/02/2007 Posts 32 Re: 2 Families on the move Can i Just say thanks so far for your help, and i really do appreciate all the advise given so far, even if my questions are  "very vague and general questions!! " im sorry for that, i just thought that is what a forum was for, to ask those that may know.... So im off to google for a while and see what that comes up with.... Thanks. Mr Riff    Report

06/02/2007, 17:06 riff_raff Joined on 06/02/2007 Posts 32 Re: 2 Families on the move Thanks Will for your helpfull advice, are there specific companies that do this or my solicitor ? Thanks all Mr Riff    Report

06/02/2007, 17:53 You can call me Betty Joined on 23/08/2004 Beaver-Free Zone Posts 1,043 Re: 2 Families on the move  riff_raff wrote: Can i Just say thanks so far for your help, and i really do appreciate all the advise given so far, even if my questions are  "very vague and general questions!! " im sorry for that, i just thought that is what a forum was for, to ask those that may know.... So im off to google for a while and see what that comes up with.... Thanks. Mr Riff Sorry, I wasn't having a pop, it's just that unfortunately once you do know a bit about the subject you realise, as I said (and so did Will) that asking on a forum is all well and good, but no subsititute for professional advice. People can only give specific answers to specific questions and these answers will usually be based on personal experience. As you can see just by reading a few threads, personal experiences in France differ enormously, and in cases like this, a little knowledge can be a very dangerous thing. There are a number of brilliant people on here who are ready, willing and qualified to give excellent professional advice on a range of subjects, but some things are just too complex and your situation looks like it could be one of those!! You need at least a solicitor qualified in French property law, and possibly a similarly qualified accountant to give you a full picture of what you're planning to take on and its implications, IMHO. In the year 2159 If man is still alive If woman can survive, they may find................    Report

Page 2 of 16 (144 items) < 1 2 3 4 5 > ... Last »

France Forum » Moving » Finding/Owning ... » 2 Families on the move

(Quick links) Forums Home |- Search Forums |- Active Topics |- Unanswered Posts User Options |- Sign In |- Join this community |- Forgot Password About This Forum (READ ONLY) |- About This Forum Moving |- Finding/Owning French Property |- Making the Move From Outside the EU |- Long-Term Letting |- Employment Vacancies in France Legal and Finance |- French Legal Issues |- French Finance Building and Renovation |- House Renovations |-- Working with Wood Living |- Earning a Living |- Driving |- French Education |- Pets |- Animal Welfare, Rescue & Protection |- French Satellite TV, French Internet and Telephone |- Health |-- Changes to Healthcare Entitlement, CPAM, CMU and Cartes Vitales |- Swimming Pools in France Owning/Running a Business |- French Artisans |- Gite Owners |- Hotel and Restaurant Owners |- B&B/Chambres d'Hôtes Owners Leisure and Pastimes |- Gardening |- Sport, Leisure and Pastimes |- Shopping |- French Antiques, Arts & Crafts |- Photography |- Motorcycling in France |- Books and Literature |- Getting Married in France |- Pregnancy and Birth French Culture |- French Food and Wine |- French Culture |- French Language |-- French Language FAQs and Useful Links |- Wildlife/Nature/Environment |- French History Travelling to/from France |- Travelling to/from France |- Latest Good Value Deals to/from France Holidays |- Holidays General Discussion |- The Complete France Post Bag |- The Lighter Side |- Other Topics |- Forum Technical Support |- Useful Links About France/French Living Regions |- HOTEL SEARCH |- Central |- North East |- North West |- Paris Ile de France |- South East |- South West |- East |- West |- Corsica and DOM-TOMs