Inheritance tax payments made easy: here are the new rates

Trouble paying Inheritance Tax? Need financial availability? Forced to resort to loans? Need payment facilities? This process has been simplified from February 1. Here’s what the new rules provide.

From February 1, new rules have been introduced into the system governing the payment of inheritance tax. They intend to provide the heirs, in the event of inability to honor the debt, upon their request to facilitate payment. Tax administration assigns heirs “ Delayed or divided » However subject to payment of interest. The rate is indicated in the split or deferred payment authorization, suggests the official website of the French administration.

For this year 2024, “ For inheritance tax apportionment or deferred payment requests made in 2024, the interest rate applicable on registration fee apportionment or deferred payment requests made in 2023 is 2.2% “, underlined Le Particular du Figaro. The rate was 1.2% for requests made in 2023. Bersi notes that the rate for certain business transfers could be reduced to two-thirds or 0.7% in 2024, compared to 0.5% in 2023.

Inheritance rights: What the process provides

The procedure requires that heirs have a period of six months after death to pay inheritance costs into the public treasury. In case the heirs are unable to pay the expenses, they can request a credit from the tax administration which can take the form of split payment or deferred payment. ” The credit request should either be made subject to the Act or declaration formalities or by means of teleservice made available by the administration from a dedicated platform attached to one or the other of these documents.

», Public Administration explains.

The request must, in addition, contain an offer of adequate guarantees that the tax debtor undertakes to provide at his own expense, as specified. Please note that the competent public accountant has a period of two months to rule on the credit request and offer of guarantee. The latter, however, must be formed by the debtor within four months, with the agreement of the public accountant. In short, these are the new provisions with effect from February 1, 2024. All this is the time and flexibility saved by the heirs to satisfy the conditions for credit allocation which allows them to pay the inheritance tax with less pressure.