Taxes

Monaco — Tax: Inheritance and Gift Tax (No Wealth Tax)

Monaco levies no annual net wealth tax. The closest equivalent tax touching accumulated wealth is inheritance and gift tax, applied strictly on a territorial basis — meaning it applies only to assets physically located within Monaco's borders, regardless of the nationality, domicile, or residency of the deceased or donor. The rate depends solely on the degree of kinship between the parties, with direct-line transfers (parent-child, spouses) taxed at 0%.

Gouvernement de Monaco - MonServicePublic · Last verified 2026-07-17

Key Facts

  • Monaco has no annual net wealth tax.
  • Inheritance and gift taxes apply exclusively to real and personal property situated in Monaco.
  • The tax rate is 0% for transfers in the direct line (parents to children, children to parents) and between spouses.
  • The tax rate is 8% for siblings, 10% for uncles/aunts/nephews/nieces, and 13% for other relatives.
  • Transfers between unrelated individuals or through non-family giftings are taxed at 16%.
  • Assets held in foreign jurisdictions by Monaco residents are completely exempt from Monégasque inheritance tax.
  • Bilateral treaties with France specifically govern inheritance tax rules for French nationals.
  • Monaco-based bank accounts, local real estate, and shares in Monégasque companies are classified as local assets.

Related Topics

tax-residency
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