The 1 Euro Rule Nobody Tells Expats About

In the US, you can give up to $19,000 a year with no filing required. In France, the filing threshold for a gift or inheritance is one euro, and you get 30 days to report it. It doesn't necessarily mean tax is owed, thanks to exemptions, but the French tax authority can retroactively treat an unreported gift as happening the day they discover it, sometimes 15 years later.

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