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) 9.9% max.
- Contribution au remboursement de la dette sociale (CRDS) 0.3%
- Prelevement Social (PS) 4.5%
- Contribution additionnelle 2%
Total 17.2%
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 €9,964 = 0%
€9,964 to €27,519 = 14%
€27,519 to €73,779 = 30%
€73,779 to €156,224 = 41%
€156,224 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 immobiliere)
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:
Tel : 00 44 3332 416 966
Email : enquiries@bgwealthmanagement.net
