Bruno Le Maire considers indirect inheritance taxes “almost confiscatory”

In his interview with the Parisian, Emmanuel Macron explained that he was not “one of those who thinks that you have to increase inheritance tax at all costs, on the contrary”. Since then, the debate is launched, and all the candidates for the presidential election next April have their ideas on the subject. Some advocate a tightening of taxation, such as Jean-Luc Mélenchon, while Valérie Pécresse evokes a “shock of transmission of heritage”, as reported by Le Figaro.

Bruno Le Maire was asked about this in an interview on LCI. The Minister of the Economy notably mentioned the rights of inheritance in indirect line, namely for sisters, brothers, nephews, stepchildren, etc. “If you pass on to a nephew whom you love very much, or to a niece, the taxation is extremely high, it is very penalizing”, explained the minister, writes Les Echos.

Taxation for “more reasonable” direct line transmission

“If an adjustment is to be made, that does not pose any difficulty to me on the indirect line transmission, where one arrives at almost confiscatory rates”, explained the latter, who estimated, on the other hand, that the taxation for direct line transmission was “more reasonable”. Bruno Le Maire also indicated that the “absolute rule” was not to increase taxes or levies for the French. According to the Economic Analysis Council, in matters of inheritance, those in line indirectly represent 10% of the capital transferred in France, but their weight is 50% with regard to the total receipts for inheritance rights.

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Le Figaro recalls that the rates for direct line heirs vary between 5 and 40%, while they can reach 55 to 60% for indirect line successions, depending on the donation. In France, specifies Les Échos, taxes on donations and inheritance represent more than 1% of tax revenue.

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