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2. French Inheritance Tax
Even if the owner chooses their own national law to apply to their French estate, French
inheritance tax will be due upon the inheritance of the property, following the owner’s death.
There is no inheritance tax between spouses and the first ¤100,000.00 of inheritance is tax
free for each child. After that, the children will pay French Inheritance Tax at a rate ranging
from 5% to 45%, depending on the value of the share of the estate they will receive.
Wealth Tax
In France, wealth tax is payable annually by individuals whose assets exceed ¤1,300,000.00.
The wealth tax rates range from 0.5% to 1.5 %.
3. Capital Gains Tax (CGT)
The rate of CGT, for both French and non-French residents, is 19% on the net gain. In
addition to the capital gains tax, social charges of 15.5% must be paid on the net gain. If the
property has been owned for more than 5 years, the seller is entitled to taper relief for each
subsequent year, and no capital gains tax is due after 22 years. Taper relief also applies to
social charges, which reduce to zero after 30 years.
This guide is intended to offer general information and does not constitute legal advice.
French Tax
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