Inheritance and Gift Treaties
The government of France has announced to withdraw the 1953 inheritance tax (IHT) agreement with Switzerland effective from 31 December 2014.
Accordingly from 1 January 2015 in the absence of a treaty domestic inheritance tax rules will be applicable. The provisions ruling the taxation of persons with dual residence will be terminated and the provision providing for arbitration in the case of a dispute will no longer be available. Also provisions for avoiding double taxation and the degree of certainty the agreement provided regarding the taxing rights of the two countries will be abolished.