🔍 Good afternoon, Madam Notary. I have a question about inheritance tax. My sister and I inherited a house worth €250,000 from our mother. We’d like to understand what taxes and expenses we will face.
Notary:
📘 Good afternoon! Of course, I’ll explain everything in detail. In your case: 🏠 The house is valued at €250,000. 🏦 The bank account contains €3,000. 🪑 Furniture is estimated at 5% of the property’s value, which is €12,650. 💼 The total value of the inheritance is €265,650.
Client:
📊 Understood. How is it divided between my sister and me?
Notary:
⚖️ It is split equally. Each of you will inherit €132,825.
Client:
💡 What tax deductions are we entitled to?
Notary:
✅ French law allows for a tax deduction of €100,000 per direct-line heir. 📉 This means the taxable amount for each of you is €32,825.
Client:
📈 And how much tax will we have to pay?
Notary:
💰 Taxes are calculated on a progressive scale: 1. 5% on the first €8,072 → €403.60 2. 10% on the amount from €8,073 to €12,109 → €403.60 3. 15% on the amount from €12,110 to €15,932 → €572.55 4. 20% on the remaining amount → €3,379.20
The total inheritance tax for each of you will be €4,759.
Client:
💵 So, together with my sister, we’ll pay €9,518?
Notary:
✔️ Exactly.
Client:
📜 Are there any other expenses?
Notary:
📑 Yes, there are additional property registration costs: 1. 📌 A fixed fee of €125. 2. 📌 A property security contribution of 0.10% of the house value, which is €250.
📊 The total additional costs are €375, which will be split between you and your sister.
Client:
💡 So, I’ll pay about €4,946?
Notary:
✔️ That’s correct.
Client:
🤔 What if I were the sole heir?
Notary:
If there were only one heir: • The total inheritance would still be €265,650. • After the €100,000 deduction, the taxable base would be €165,650.
💰 The tax would be calculated as follows: 1. 5% on the first €8,072 → €403.60 2. 10% on the amount from €8,073 to €12,109 → €403.60 3. 15% on the amount from €12,110 to €15,932 → €572.55 4. 20% on the remaining €149,718 → €29,943.60
📊 The total tax would be €31,324. 📌 Including additional costs, the total would be €31,699.
Client:
😮 That’s much more! It’s good that the inheritance is shared. Thank you for explaining!
Notary:
😊 You’re welcome! If you have more questions, don’t hesitate to ask.