Tax, yes, but how? Legacy issues are in the mouths and programs of several left-wing presidential candidates. Last in date to have evoked them, the communist candidate Fabien Roussel declared, Monday January 17 on France 2, want to establish “zero tax” on inheritance rights “below 118,000 euros” of inheritance, for “guarantee to every modest, middle-class family”, the possibility of transmitting it.
“I am for making the heritage popular”, declared Mr. Roussel, who must make, Monday at the end of the followingnoon, his return speech in front of the headquarters of the Communist Party, in Paris. The figure of 118,000 euros corresponds, according to him, to “average inheritance”. For heritages that exceed it, it promises “a progressive tax, and indeed a higher tax on the highest assets”.
The communist wants to take the question “The other way around” of Jean-Luc Mélenchon, the candidate of La France insoumise (LFI), who intends to tax 100% of everything above 12 million euros and allocate this revenue to a study allowance for students. Mr. Mélenchon also proposes to exempt 120,000 euros per person from inheritance tax and provides “social adoption”, or the possibility for two people without family ties to create mutual rights, assistance and access to inheritance.
“Things to improve”, according to Emmanuel Macron
The proposal of Anne Hidalgo, the socialist candidate, consists in “facilitate” the transmission, “by lowering inheritance tax for 95% of French people”. In return, inheritance taxes would be increased for “very high heritage”, i.e. greater than 2 million euros. The candidate expects 10 billion euros for state revenue.
Emmanuel Macron had addressed the issue in his meeting with the readers of Parisian, at the beginning of January. To a woman who lamented having made herself “Want” by the State when it had captured 60% of his godmother’s inheritance, the Head of State replied:
“I think there is a subject on what I would call “popular transmission”, that is to say when we are not on exorbitant amounts. I am not one of those who think that inheritance tax should be increased all the time, on the contrary. (…) I think there are things to improve. We must rather accompany people to help them pass on modest heritages. »
