France Principal Tax Rates 2015

France Principal Tax Rates 2015

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 socialegénéralisée (CSG) 8.2% max.
  • Contribution au remboursement de la dettesociale (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 (Impôtsur le Revenu)

Up to €9,690 0%
€9,690 to €26,764 14%
€26,764 to €71,754 30%
€71,754 to €151,956 41%
€151,956 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 ofover €1.3m on 1st January each year.

Taxation is on a banded system as follows:

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

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