2024-10-17 18:33:00
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This measure concerns the most substantial successions, while currently the maximum bracket provides for a direct taxation of 45%.
After the increase in the “flat tax” – the tax on capital income – and the maintenance of the minimum tax for the richest taxpayers, a third measure of «tax justice»it was adopted on Thursday by the deputies of the Finance Committee. Since Wednesday, the parliamentarians of this commission have been examining and amending the government’s copy for the 2025 budget. In this debate, alliances of circumstances are formed and unraveled. One of them allowed the approval of several amendments aimed at a particular population: the richest.
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This Thursday, the deputies Together for the Republic (EPR) added their contribution to this hail of measures by proposing “modernize gift/inheritance taxation”. The amendment presented by David Amiel, new leader of the Macron camp at the commission, was accepted by it. The measurement is actually divided into two phases. On the one hand, it is planned to increase the exemptions for the so-called lines “indirect”. “This amendment aims to double the allowances that brothers and sisters, nieces and nephews can benefit from and to create new allowances for the spouse’s children and grandchildren, in the context of a donation”specifies the text. Today the donees in direct line (children) benefit from a reduction of 100,000 euros, in the current state of the law the donees in indirect line benefit only from a reduction of 15,932 euros for brothers and 7,967 euros for nieces and nephews. «With regards to the children and grandchildren of the spouse, no specific deductions are foreseen at this stage, therefore we propose to create new deductions also set at 31,865 euros»adds the deputy.
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More controversial, to finance this first axis, is the deputies’ plan “At the same time increasing the tax threshold to 49% for inheritances exceeding 3,611,354 euros”. This proposal effectively amounts to creating a new inheritance tax bracket. In fact, currently, in the general tax code, the last tranche of the direct line succession ladder concerns sums “over 1,805,677 euros”which are taxed at 45%. It is not yet known how much such a measure could yield.
Despite this adoption in the commission, the measure is far from being definitive, all the votes in the commission will have to be renewed in the hemicycle, where the deputies will start from the initial version of the bill.
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