This week, the Finance Bill for 2025 was weighed down with several amendments likely to weigh heavily on the savings of French people if they were to be adopted. What are the points to remember?
These new amendments to the 2025 Finance Bill which would affect all French people
Last week, the presentation of the finance bill (PLF) for 2025 suggested less harm in terms of taxation for French savers, although the wealthiest households saw new measures added. After passing through the Finance Commission, new amendments were added, raising the specter of punitive measures for all savers.
While the French are currently exempt from tax on the sale of their main residence, a new amendment could change the situation. Indeed, it plans to impose a minimum holding period of 5 years to benefit from this advantage in certain specific areas, on the grounds of discouraging real estate speculation.
To date, payments made on life insurance before age 70 are exempt from inheritance tax up to 152,000 euros per heir. With an amendment from MP Jean-Paul Mattei, this could also be deleted for align with the scale for direct line heirs.
Regarding the single flat-rate levy, this famous flat tax, this tax on profits made in the context of investments would increase from 30 to 33%. While the left considers this tax as a gift to the rich, let us remember that it concerns all savers. Regarding the wealthiest households, those declaring more than 250,000 euros per year would see this same tax increase to 37.2%.
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In addition, a person leaving France for a country where tax is more than 50% lower could be exposed to “targeted universal tax”, in view of an amendment co-signed by 68 LFI-NFP deputies.
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Update on cryptocurrencies
Furthermore, cryptocurrencies are not left behind with regard to these new developments. Firstly, the recovery period for an account not declared to the tax administration could go from 3 to 10 years. For his part, Pierre Morizot, CEO of Waltio, calls for more education:
It would be relevant to set up a regularization unit to encourage those who have incorrectly declared their accounts to comply.
Although they have nothing to do with real estate, cryptocurrencies could also be included in the basis for determining whether or not a taxpayer is liable for real estate wealth tax (IFI).
Even if this does not directly relate to new amendments, the DAC8 regulation could also be integrated into the PLF 2025, thus requiring Digital Asset Service Providers (PSAN) to collect their clients' transaction data in order to trace them back to the tax administration.
👉 To go further — What are the risks of not declaring your capital gains in cryptocurrencies?
If all these proposals must still be confronted with the parliamentary shuttle game between the Senate and the National Assembly, we note that a good number of measures can dissuade the French from building up savings.
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Sources: LinkedIn, National Assembly
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