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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
| 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
| 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
| 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
Back: Tax Allowances in France
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