French Tax Rates 2024
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Income Tax Scale applicable to 2023 Income
Band of Income (€) Tax Rates (%)
|
Band of Income (€) |
Tax Rates (%) |
||
|
Up |
to |
11,294 |
0.00 |
|
11,294 |
to |
28,797 |
11.00 |
|
28,797 |
to |
82,341 |
30.00 |
|
82,341 |
to |
177,106 |
41.00 |
|
In excess of |
177,106 |
45.00 |
|
Pensions and salaried income receive an allowance of 10% up to a maximum of €4,321 for pensions and €14,171 for salaried income. There is an age allowance for those over 65 with an income lower than €27,670. The above is then divided into the number of “parts” of the household, further reducing your income tax liability.
2023 Property Wealth Tax Scale and Limit
Impôt sur la fortune Immobilière (CGI 977)
On the value of buildings (and funds invested in such) on 1st January for those with assessable assets above €1,300,000. Payable in June
|
Taxable Wealth (€) |
Tax Rates (%) |
||
|
Up |
to |
800,000 |
0.00 |
|
800,000 |
to |
1,300,000 |
0.50 |
|
1,300,000 |
to |
2,570,000 |
0.70 |
|
2,570,000 |
to |
5,000,000 |
1.00 |
|
5,000,000 |
to |
10,000,000 |
1.25 |
|
In excess of |
10,000,000 |
1.50 |
|
There are allowable deductions for wealth tax, such as 30% of the value of your principal residence.
Capital Gains Tax
Impôt sur les plus-values
Capital Gains are on savings and investment income are generally assessed the same way as earned income.
This tax does not apply to a French principal private residence. Tax on property is 19% and CSG at 17.2%.
Investment property can be sold free of Capital Gains Tax after 22 years (though it remains assessable to CSG for up to 30 years). There is a further tax on property gains above €50,000 ranging from 2-6%.
Inheritance Tax Rates
Droits de succession
The rates shown are per beneficiary.
Between Spouses (CGI 777-TII)
Further to the Loi No. 2007-1223 from 22 August 2007 transfers between spouses or members of a PACS agreement are no longer subject to French inheritance tax on the death of a partner. However, inheritance tax on lifetime gifts remains and the following rates apply, after a tax-free allowance of €80,724 (CGI 790-E&F)
|
Band of Value (€) |
Tax Rates (%) |
||
|
Less than |
8,072 |
5.00 |
|
|
8,072 |
to |
15,932 |
10.00 |
|
15,932 |
to |
31,865 |
15.00 |
|
31,865 |
to |
552,324 |
20.00 |
|
552,324 |
to |
902,838 |
30.00 |
|
902,838 |
to |
1,805,677 |
40.00 |
|
In excess of |
1,805,677 |
45.00 |
|
Between Parents and Children (CGI 777-TI)
|
Band of Value (€) |
Tax Rates (%) |
||
|
Less than |
100,000 |
0.00 |
|
|
The next |
8,072 |
5.00 |
|
|
8,072 |
to |
12,109 |
10.00 |
|
12,109 |
to |
15,932 |
15.00 |
|
15,932 |
to |
552,324 |
20.00 |
|
552,324 |
to |
902,838 |
30.00 |
|
902,838 |
to |
1,805,677 |
40.00 |
|
In excess of |
1,805,677 |
45.00 |
|
Grand-Parents (€) (CGI 790-B)
The tax allowance for a lifetime gift from a grandparent to a grandchild is €31,865. It is fixed at €5,310 for lifetime gifts made by a great-grandparent.
Between siblings (€) (CGI 777-TIII)
|
Less than |
*15,932 |
0.00% |
|
The next |
24,430 |
35.00% |
|
Over |
24,430 |
45.00% |
* Where the siblings were living together 5 years before death and the deceased was disabled, the tax-free allowance increases.
Between other relatives (to 4th degree) (€) (CGI 779-V)
|
Less than |
7,967 |
0.00% |
|
Over |
7,967 |
55.00% |
Between unrelated persons (€) (CGI 778-IV & 779-II)
|
Less than |
1,594 |
0.00% |
|
Over |
1,594 |
60.00% |
|
Handicapped person |
€159,325 |
0% |
All the above allowances are reset every 15 years.
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