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Shown below is a summary of our understanding of the principle changes.

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%



 
 
 
 
 

 

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