Finance & Taxation

Personal Taxation in France
- 1. Overview
- 2. Top Tips
- 3. Income Tax Liability
- 4. Income Tax Return
- 5. Calculating Income Tax Liability
- 6. Payment of Income Tax
- 7. Social Security Contributions
- 8. Taxation of Investment Income
- 9. Local Property Taxes
- 10. French Wealth Tax
- 11. Capital Gains Tax
- 12. Gifts Tax
- 13. Tax Inspection
- 14. Tax Complaints

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12. Gifts Tax in France

12.1. Gifts Tax in France Introduction
12.2. Tax Allowances in France
12.3. Rates of French Taxation
12.4. Gifts of Real Estate in France
12.5. Gifts & Inheritance Laws in France
12.6. Procedures for Making Gifts within France

12.3. Rates of French Taxation

If the gift is larger than the allowances that are available then the recipient is liable to gifts tax on the value of the gift over the allowance.

The rate of taxation applicable depends on the type of gift, and the donee.

The taxable amount is then reduced by an age allowance, available to the donor.

Gifts benefit from a tax reduction of 50% if the donor is less than 70 years old, and 30% where donor is aged over 70 up to 80 years.

The taxable amount is the sum applicable after deductions of the permitted allowance.

In addition, the tax is applied on a 'sliced' basis so that each slice of the total sum is taxed at a different rate.

The rates are as follows:

Table: Gifts Between Parents and Children

Taxable Amount	Rate of Tax
Less than €7600	5%
€7,600 - €11,400	10%
€11,400 - €15,000	15%
€15,000 - €520,000	20%
€520,000 - €850,000	30%
€850,001 - €1,700,000	35%
More than €1,700,000	40%

Table: Gifts Between a Married Couple/Civil Partners

Taxable Amount	Rate of Tax
Less than €7600	5%
€7,600 - €15,000	10%
€15,000 - €30,000	15%
€30,000 - €520,000	20%
€520,000 - €850,000	30%
€850,001 - €1,700,000	35%
More than €1,700,000	40%

Table: Gifts Between Brothers and Sisters

Taxable Amount	Rate of Tax
Less than €23,000	35%
Greater than €23,000	45%

Others family members are taxed at the rate of 55% and those outside the family at the rate of 60%.

Next: Gifts of Real Estate in France

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