French News Archive

Taxation

Guide to French Wealth Tax

Wednesday 07 March 2018

We have updated our guide to the wealth tax in France, to reflect the significant changes to the tax that now apply.

Since January 2018 the scope of the wealth tax has been reduced, to cover only real estate assets and investments, where previously all non-business assets were in the calculation.

Accordingly, l’impôt sur la fortune (ISF) has become l’impôt sur la fortune immobilière (IFI).

The new tax has created a lot of controversy, as it fails to deal with many of the criticisms levelled at its predecessor, notably that it still captures many households whose annual income is modest.

Sandy Dalmas, of French tax accountants Roche & Cie, comments that: “The change will no doubt be welcome news for many international owners of French property, but it has introduced new complexities concerning the calculation of property based financial instruments and the deductibility of debts.”

You can read about the changes and how to make a wealth tax declaration using the clickable links below.


Related Reading:

Thank you for showing an interest in our News section.

Our News section is no longer being published although our catalogue of articles remains in place.

If you found our News useful, please have a look at France Insider, our subscription based News service with in-depth analysis, or our authoritative Guides to France.

If you require advice and assistance with the purchase of French property and moving to France, then take a look at the France Insider Property Clinic.