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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. had lived with the deceased over the previous 5 years and is disabled.

 

Between other relatives (to 4th degree)

Less than €7,967                                 0%

Over €7,967                                        55%

 

Between unrelated persons (i.e. step-children)

Less than €1,594                                 0%

Over €1,594                                        60%

 

Social Charges (Contributions Sociales)

 

  • Contribution sociale généralisée (CSG) 8.2% max.
  • Contribution au remboursement de la dette sociale (CRDS) 0.5%
  • Prelevement Social (PS) 5.4%
  • Contribution additionnelle 1.4%

Total 15.5%

The first two are taken on all forms of income and all four apply to unearned income and capital gains.

Income Tax Bands (Impôt sur le Revenu)

Up to €9,710                                      0%

€9,710 to €26,818                             14%

€26,818 to €71,898                           30%

€71,898 to €152,260                         41%

€152,260 and above                         45% *

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

For those over the age of 65, there is an extra tax-free allowance of €2,332 if total income does not exceed €14,630 and of €1,166, if total income is between €14,630 and €23,580.

*Additional tax for those with taxable income of over €250,000 per person in the household: 3% of taxable income rising to 4% for those over €500,000 per person.

Wealth Tax bands (Impôt sur la Fortune)

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

Taxation is on a banded system as follows:

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%

Above €10,000,000                          1.50%

If you would like further information on gifting please contact us on:

  • 0033 233 689 307
  • info@bgwealthmanagement.net