We are pleased to announce the release of our guide to the wealth tax in France for 2020, applicable for the 2019 tax declaration.
In 2018, President Macron significantly reduced the scope of the wealth tax, to cover only real estate assets and investments.
Previously all non-business assets were included in the calculation.
Accordingly, l’impôt sur la fortune (ISF) has become l’impôt sur la fortune immobilière (IFI).
Nevertheless, it remain a controversial tax, 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.
You can read about the changes and how to make a wealth tax declaration using the clickable links below.