How to transmit a property classified as a Historic Monument?

The transmission of a Historic Monument property is a crucial subject, because these properties often represent an exceptional family heritage.

Transmission and succession

If the property is open to the public (visits, gardens, cultural events), it can benefit from a total exemption from inheritance or donation taxes.

Otherwise, a discount is applied to the value of the building for the calculation of the duties.

Concrete example

A castle estimated at 2 million euros can be valued fiscally at only 1.2 million thanks to the discount. The heirs thus benefit from a greatly reduced taxable base.

Conditions to be respected

Maintain the property in the family for a minimum duration.

Comply with maintenance and conservation obligations.

Declare each year to the tax authorities the opening to the public or the conservation conditions.

Patrimonial interest

Beyond the tax advantage, the transmission of a Historical Monument constitutes a strong act of cultural and family preservation.

Conclusion

Transmitting a Historic Monument property significantly lightens inheritance taxes while protecting a unique heritage. It is a rare tool for intergenerational transmission.