{"id":4103,"date":"2024-05-31T10:17:14","date_gmt":"2024-05-31T08:17:14","guid":{"rendered":"https:\/\/www.anderlaine.com\/?p=4103"},"modified":"2024-06-27T09:47:02","modified_gmt":"2024-06-27T07:47:02","slug":"french-wealth-tax","status":"publish","type":"post","link":"https:\/\/www.anderlaine.com\/en\/french-wealth-tax\/","title":{"rendered":"French wealth tax"},"content":{"rendered":"\r\n
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Know your obligations with regards to wealth tax <\/h2>\r\n \r\n
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If you own property in France, you may be liable for real estate wealth tax<\/strong>, even if you are not tax resident in France. This tax is applied per household according to the ‘net’ value of your real estate assets. Since the French government abolished the previous wealth tax (ISF) in 2018 and brought in the new real estate wealth tax (IFI), even if you used a loan to purchase your property in France, only certain debts can be deducted to obtain the ‘net’ value of those assets.<\/p> <\/div>\r\n \r\n <\/div>\r\n \r\n <\/div>\r\n

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Total net value of assets<\/h2>\r\n
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not exceeding 800,000€ = 0%<\/h3>\n

between 800,000€ & 1,300,000€ = 0.5%<\/h3>\n

between 1,300,000€ & 2,570,000€ = 0.7%<\/h3>\n

between 2,570,000€ & 5,000,000€ = 1%<\/h3>\n

between 5,000,000€ & 10,000,000€ = 1.25%<\/h3>\n

in excess of 10,000,000€ = 5%<\/h3>\n

For example, if the net value of your French property is €3 million, your IFI liability would be €14,400 per annum.<\/p> <\/div>\r\n \r\n

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→ The value used to calculate the tax is the market value<\/strong> as at 1st January, less any deductible debt, noting that:<\/h3>
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