Towards an increase in the exemption from inheritance tax to 120,000 euros? The point on the question.
The personal inheritance tax allowance: what you need to keep in mind
“To determine your inheritance taxyou must first determine the taxable net assets, the taxable inheritance assets, your personal allowance, and finally the taxable portion”, specifies the website of the Ministry of the Economy.
Personal despondency is nothing other than “the reduction applied on the basis of calculation of your inheritance tax“. It takes into account the relationship of the heir to the deceased as well as their personal situation.
As recalled on economie.gouv.fr, “ heirs can benefit from a personal allowance (provided that they have not used it in the 15 years preceding death when making a donation).
It amounts to “€100,000 for a child, a father or a mother. €15,932 for a brother or sister, €7,967 for a nephew or niece, €1,594 in the absence of another applicable reduction. People with disabilities meeting the conditions benefit from an additional reduction of €159,325 »details the website of the Ministry of the Economy.
Part taxable.
A progressive scale then applies in successive installments to your taxable portion. Here it is for direct line heirs (father, mother, child and grandchild):
| Tarif applicable | Applicable scale |
|---|---|
| Not exceeding 8,072 euros | 5 % |
| Between 8,072 euros and 12,109 euros | 10 % |
| Between 12,109 euros and 15,932 euros | 15 % |
| Between 15,932 euros and 552,324 euros | 20 % |
| Between 552,324 euros and 902,838 euros | 30 % |
| Between 902,838 euros and 1,805,677 euros | 40 % |
| Greater than 1,805,677 euros | 45 % |
Source : economie.gouv.fr
Each parent can give each of your children up to 100,000 euros every 15 years,” without gift tax.
Inheritance taxes: a reduction raised to 120,000 euros “for direct line donations and inheritances”?
The amendment carried by the UDR ofEric Ciotti and the National Rally, and adopted on Thursday October 24, proposes the passage of the tax reduction of 100,000 to 120,000 euros “for direct line donations and inheritances” (parents, grandparents, children, grandchildren or great-grandchildren).
As explained by UDR deputy Gérault Verny, this measure will aim to “ better support the early transfer of assetswhich will promote intergenerational mobility of capital. By releasing a substantial part of assets earlier, this reform, he assures, allows younger generations to benefit from an increased capacity to consume and invest, stimulating (in passing) the economy in a period of their lives when these decisions are the most impactful.”
What funding?
As provided for by the amendment, the financing of the measure will be done by “ the creation of an additional tax on the excise on tobacco”.
But nothing is won yet since a possible 49.3 could well destroy the project, knowing moreover that the unfavorable position of the government in relation to this measure.
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