French tax reforms aid investors

Changes in the French tax regime will prove beneficial to those who own properties in the country. The trebling of the inheritance tax threshold, means that fewer people are likely to have their estate taxed when they die.

This increase in the limit means that only the wealthiest of people in France, around 5%, will be liable to pay the tax.

“As a company selling in France this is certainly good news”, says Serge Cowan, Managing Director of Unique Living International Estate Agents. “This will boost interest even further in investment in France, a country much loved by the British”.

Unique Living is an exclusive company dealing with a niche market of top of the range homes in some of the most sought after locations in the world.

“We realised that there was a market for this type of agency”, continues Serge “and so it has proved with our average selling value now at £1.2 million”.

Currently Unique Living is marketing an exceptional home at Mougins on the French Riviera.

This unique Toscan property in the heart of one of the most prestigious domains of Mougins sits in 2 hectares of landscaped grounds and gardens.

The property oozes understated charm and elegance and is for a discerning buyer who appreciates and can afford, the finer things in life.

There is a spectacular garden room with impressive open arches leading the eye to the glamorous pool surrounded by a well tended lawn and formal gardens.

There is also a tennis court, fitness room, library, billiards room, plus independent apartment. Price 16,200,000 euros/approx £12,026,125

Also available in Mougins is a delightful, four bedroom villa in a residential and secured estate offering owners a well landscaped garden and private pool. Price 2,800,000 euros/approx £2,091,620.

Concluded Serge,” Most buyers now know that they can invest in France without fear of having their estate taxed when they die. This has to be a great comfort and will naturally encourage further investment in this most charming of countries.

Irrespective of so called ‘credit crunch’ and warnings of ‘world recession’, those with the ability to purchase will continue to do so and areas such as the French Riviera will continue to flourish. This is not an area of ‘speculative buying’, just a location of outstanding beauty, stylish homes and an ambience of understated luxury.”

For further information, visit uniqueliving.com.