July 1, 2022

Valérie Pécresse wants to tax inheritance tax up to 200,000 euros per child

The candidate Les Républicains (LR) for the presidential election, Valérie Pécresse, proposed in an interview with the Figaro, published on Sunday 23 January, to exempt inheritance taxes up to 200,000 euros per child. The president of the Ile-de-France region thus takes a position in a debate already invested by several candidates, from Jean-Luc Mélenchon to Eric Zemmour.

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“I remove inheritance tax for 95% of French people”, assure Mme Pecresse at Figaro – 85% of French people are already exempt. The candidate’s program thus provides that each child can inherit 200,000 euros tax-free, compared to 100,000 euros today. The allowance would also be increased to 100,000 euros for an indirect transmission, for example in the case where “a person would inherit from his uncle or sister”.

Valérie Pécresse also wants to increase the ceiling for donations during the lifetime of tax-exempt donors. Each parent could thus give 100,000 euros every six years and no longer every fifteen years. The measure would also concern “each of the grandchildren to allow the generational leap”, and would still be 50,000 euros for nephews and siblings.

Retirement postponed to 65

The candidate proposes in the same interview, in order to facilitate access to property, “generalize zero-rate loans for first-time buyers throughout France and not just in tight areas”. Finally, it details the measures of its program aimed at increasing the amount of family allowances.

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To finance these measures, Mme Pécresse promises “a whole series of cost-saving measures”, citing the postponed retirement to 65, unemployment insurance, or the reformed active solidarity income (RSA) “to get out of the welfare policy”. It also evokes the reform of the State, “with a decentralization of powers to avoid numerous administrative duplications and a radical simplification of standards”.

The World with AFP