New Inheritance Tax Agreement Between France and Switzerland?

French Finance Minister recently announced that, in May, France will sign a new inheritance tax agreement with Switzerland. This agreement will replace a 1953 treaty that still existed between the two countries until France denounced it last year.

The new convention states that the succession and inheritance tax law to be applied is the law of the beneficiary’s county of residence, not the deceased’s.

As long as the parliaments in both countries approve the new convention, it will go into effect from January 1, 2014 forward.

See Ulrika Lomas, France, Switzerland Edge Closer to Inheritance Tax Deal, LowTax, Apr. 23, 2013.