Particle.news
Download on the App Store

France’s €9 Trillion Generational Handover Puts Inheritance Policy in Play

Facing the baby‑boomer estate shift, concrete ideas now range from closing tax breaks to upgrading SCI tools.

Overview

  • Roughly €9,000 billion is expected to pass between generations in France over the next 10 to 15 years, concentrating attention on how that wealth is taxed and transferred.
  • French notaries say they will propose legislative changes to make the société civile immobilière a more reliable instrument for family transmission and to avoid fiscal pitfalls.
  • Lawmakers are examining tougher rules for business‑transfer niches such as the Dutreil regime, with broader ideas floated to restore stronger progressivity in inheritance taxation.
  • Commentators also propose creating a legal status for step‑parenthood to better reflect blended families in succession rights, reflecting calls to modernize long‑standing rules.
  • Despite perceptions of heavy levies, about 86% of direct‑line inheritances are untaxed, wealth is highly concentrated, many households are reorganizing assets to reduce exposure, and polling shows nearly three quarters favor lighter inheritance taxes.