4.3. Rate of French Wealth Tax

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The rates of taxation applicable for 2008 are shown below:

Table: French Tax Bands 2008

Fraction Taxable	Rate of Tax
Up to €770,000	0%
€770,000 - €1,240,000	0.55%
€1,240,000 - €2,450,000	0.75%
€2,450,000 - €3,850,000	1.00%
€3,850,000 - €7,360,000	1.30%
€7,360,000 - €16,020,000	1.65%
Over €16,020,000	1.80%

It is important to note that the tax is imposed on a sliced basis so that, for instance, if you owned net assets valued at €1,000,000 you would only pay tax on €230,000 at the rate of 0,55%, as the first €770,000 has a zero rating.

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