Le Revenu answers your tax questions. (© DR)
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Our subscribers are wondering about their taxes. We have selected ten of their questions relating to life insurance, life annuity, donations, CFDs, PEA … The answers might interest you.
Life insurance beneficiaries
“For life insurance, opening date April 15, 2000, what taxation would apply if the beneficiaries were nephews or nieces?”
Upon death, subject to a more detailed study of your contracts, each nephew and each niece would benefit, for premiums paid before age 70, from an exemption of 152,500 euros, then taxation at 20 or 31.25%.
Life insurance is an excellent tool for rewarding relatives who are not directly your descendants, while maintaining the availability and use of your money until the end. In the context of a classic transmission, nephews and nieces must pay 55% inheritance tax on their inheritance, beyond a reduction of 7,967 euros.
Life annuity
The annuity that I receive after the sale of my life annuity is heavily taxed. Is this normal?
The tax treatment of the life annuity differs according to its origin. But it is generally quite penalizing. Life annuities constituted against payment (real estate life annuity, conversion of a life insurance contract, etc.) are only considered as taxable income for a fraction of their amount, which is determined on a flat-rate basis according to the age of the annuitant when the annuity begins (between 60 and 69, for example, the taxable portion is
