> In France, the tax is not on the amount of restate but on the inherited income, ie each kid gets taxed on his share. Yes but the "progressivity" is harsh. An

> In France, the tax is not on the amount of restate but on the inherited income, ie each kid gets taxed on his share. Yes but the "progressivity" is harsh. Anything over 500 K per kid is already at 30% of taxation and anything over 1.7m is at 45%. Also for one grandma, the n for the number of kids tends to not tend towards infinity but more towards something like 2. So although you're right that it's not 45% on 20 m EUR (actual painting seems to be worth a bit more than that but it's to simply) but it's close. Because with two kids and the 100 K EUR excluded, you're still quickly at insane brackets rates. For one kid I have the actual rate (I now did the computation) at 43% (instead of 45%) and for two kids I have the actual rate at 41.6%. I understand that you're technically right to talk about n kids but it's a bit disingenuous to talk about "progressivity" of the tax rate when the effective tax rate is likely going to be 41.6% or 43% instead of the 45% I took as a shortcut. And at 90 years old sadly the inheritance planning ain't going to be very effective. Even her kids are likely already 65 to 70 y/o, so their own inheritance planning won't allow many donation every 15 years. It's still very much: (french IRS): "Thank you grandma!".