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French property market may be boosted by new IHT laws

Article Date : Thursday, June 14, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Investors purchasing property in the French market may be set to benefit from proposed changes to the country's inheritance tax (IHT) laws put forward by new president Nicholas Sarkozy, it has been claimed.

According to WorldofProperty.co.uk, Mr Sarkozy hinted that any changes that he introduces will look to ensure that most people will not have to pay IHT on their properties, meaning beneficiaries of investors will not be saddled with large bills.

Niclas Dowlatshahi, managing director of Leapfrog Properties Europe, suggested that this could boost the country's property market as investors look to capitalise upon these favourable tax conditions.

"The French property market is notoriously safe and if this change happens it will also offer an excellent tax break," he remarked.

Trisha Mason, managing director of VEF, recently said that under the new president, France's property market would become "livelier" if he decides to lower IHT and remove other administrative burdens.
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