Financial Planning while living in France
The basic premise of financial planning is similar wherever you are in the world, in that you need to concentrate on three main areas:
- Savings and investment
- Retirement planning
- Estate planning
French Tax Legislation
It follows that if you decide to live in France, the starting point for your financial planning should be French tax and investment legislation. It is only by applying solutions that have been tried and tested in accordance with French regulation that you can be sure that the desired result will be achieved.
As a French resident, you should begin the assessment of your tax position on the basis that all of your worldwide assets and sources of income are eligible for taxation in France.
The French system offers many incentives for investors in that there are numerous ways to mitigate tax exposure. These include the joint taxation of couples, various family allowances, along with exemptions, abatements and deductions for different types of income. In addition, tax planning techniques are used to reduce levels of capital gains, wealth and inheritance tax in France.
If you would like additional information on financial planning while resident in France, please go to Financial health-check
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