Among the key measures of her program for the presidential election of 2022, Valérie Pécresse wishes to drastically reduce inheritance taxes, going so far as to abolish them for 95% of French people.
In an interview given to Figaro, this Sunday, January 23, 2022, the candidate of the Republicans (LR) detailed her desire to reduce inheritance tax for the French. Among her ideas, Valérie Pécresse proposes in particular to exempt inheritance taxes up to 200,000 euros per child.
The measure proposed by Valérie Pécresse amounts to doubling the ceiling currently in place, which provides for tax exemption of the estate up to 100,000 euros per child. In the case of indirect successions, for example when a “person inherits from his uncle or his sister”, the allowance will be increased to 100,000 euros.
A strong measure that the candidate summarizes in a single sentence: “I am eliminating inheritance tax for 95% of French people.
Valérie Pécresse tackles living donations
Another subject addressed by the candidate, the increase in the ceiling for donations during the lifetime of tax-exempt donors. Thus, each parent could give 100,000 euros every six years, against every fifteen years currently. Valérie Pécresse wishes to extend the measure to “each of the grandchildren to allow the generational leap”, but also to nephews and siblings within the limit of 50,000 euros.
To finance this reform of inheritance rights, Valérie Pécresse promises a “series of savings measures”, citing in particular the reform of pension insurance, the postponement of retirement to 65 or even the exit from “the policy of assistance” with a reform of the Active Solidarity Income (RSA).
In France, inheritance tax is among the highest in Europe. With a “normal” tax rate of 45%, indirect inheritances being taxed up to 60%. Some European countries, such as Portugal, Sweden or Austria do not apply inheritance taxes.