Principal Tax Rates 2019

Principal tax rates for 2019 in France.

Inheritance Tax Rates per Beneficiary

(Droits de succession)
There is no inheritance tax between spouses or couples with a PACS.

Between Parents and Children:

Less than €100,000 = 0%
The next €8,072 = 5%
€8,072 to €12,109 = 10%
€12,109 to €15,932 = 15%
€15,932 to €552,324 = 20%
€552,324 to €902,838 = 30%
€902,838 to €1,805,677 = 40%
Over €1,805,677 = 45%

Between Siblings*:

Less than €15,932 = 0%
The next €24,430 = 35%
Over €24,430 = 45%
*Tax-free in certain circumstances, e.g., if the sibling had lived with the deceased for the previous 5 years and is disabled.

Between Other Relatives (up to 4th degree):

Less than €7,967 = 0%
Over €7,967 = 55%

Between Unrelated Persons (e.g., Step-Children):

Less than €1,594 = 0%
Over €1,594 = 60%

Social Charges (Contributions Sociales)

Contribution sociale généralisée (CSG) = 9.9% max.
Contribution au remboursement de la dette sociale (CRDS) = 0.3%
Prélèvement Social (PS) = 4.5%
Contribution additionnelle = 2%
Total = 17.2%

The first two apply to all forms of income, and all four apply to unearned income and capital gains.

Income Tax Bands (Impôt sur le Revenu)

Up to €9,964 = 0%
€9,964 to €27,519 = 14%
€27,519 to €73,779 = 30%
€73,779 to €156,224 = 41%
Over €156,224 = 45%

(Net taxable income per part after a 10% allowance on earned and pension income).

Additional Tax:

Taxable income over €250,000 per person = 3% additional tax
Taxable income over €500,000 per person = 4% additional tax

For those over 65, there is an extra tax-free allowance of:

€2,332 if total income does not exceed €14,630
€1,166 if total income is between €14,630 and €23,580

Wealth Tax Bands (Impôt sur la fortune immobilière)

Wealth tax is payable by any household with taxable assets over €1.3 million on 1st January each year.

Taxation Bands:

Up to €800,000 = 0%
€800,001 to €1,300,000 = 0.50%
€1,300,001 to €2,570,000 = 0.75%
€2,570,001 to €5,000,000 = 1.00%
€5,000,001 to €10,000,000 = 1.25%
Over €10,000,000 = 1.50%

Contact Us for More Information on Gifting:

Tel: +44 3332 416 966
Email: enquiries@bgwealthmanagement.net

Our Private Client Engagement Process

We follow a structured and personalised approach to ensure your family's international wealth is managed with precision and clarity.

Initial Discovery Call

Before you engage us, we’ll get to know you to make sure we’re a good fit in terms of understanding what is most important to you.

Confirming Our Understanding

After our discovery call, we will summarise our understanding of your current situation and the key objectives which will ensure we're aligned with your goals.

Create A Personalised Plan With You

Once you’re happy that we’re right for you, we’ll provide our recommendations and implement them for you. But there’s never any pressure from us to proceed – that’s just not our style.

Implementation and Monitoring

We will implement your plan, constantly monitor and report on the performance to ensure your private wealth is optimised and aligned with your goals and working for you. Additionally, we’ll provide you with regular statements and a half yearly review to ensure that you remain up to date with any investment or tax changes and that we continue deliver for the long term.

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