France Lower House Consider Bills to Amend Inheritance Tax Provisions

The French lower house of parliament (Assemblee Nationale) Jan. 25 accepted for consideration Bill Nos. 4942 and 4951, to amend inheritance tax provisions. The bill includes measures to: 1) abolish the tax on real estate wealth; 2) increase the reduction to 200,000 euros (US$223,257) from 100,000 euros (US$111,628) in the value of each heir’s share of taxable assets; 3) increase the reduction to 200,000 euros from 159,325 euros (US$177,868) in the value of each heir’s share for qualified heirs; 4) reduce the period between two deductions for donations to 10 years from 15 years; 5) exempt the land registration tax ...