Wealth Tax in France
Understand how wealth tax - the IFI or Impôt sur la Fortune Immobilière - is calculated in France...
Since 1 January 2018 wealth tax is now known as IFI or Impôt sur la Fortune Immobilière, replacing the previous ISF (Impôt de Solidarité sur la Fortune). This is a tax on immovable property and only real estate will be subject to this new tax. Securities, bank and financial investments, and cash will be excluded. The tax is based on the wealth of the household, including spouse and children. Unmarried couples living together are treated as one household for wealth tax purposes.
Non-residents will only be liable for this tax on their real estate located in France. Residents are subject to their worldwide properties, subject to the provisions of tax treaties.
It should be noted that this new tax is being challenged before the Conseil Constitutionnel, based on the grounds that it will breach the principle of equal tax treatment.
IFI Tax Rates
- Under €800,000 : 0%
- €800,001 to €1,300,000 : 0.50%
- €1,300,001 to €2,570,000 : 0.70%
- €2,570,001 to €5,000,000 : 1.00%
- €5,000,001 to €10,000,000 : 1.25
- €10,000,000 upwards : 1.50%
Payment of Wealth Tax
- Service des impôts des particuliers - Non-résidents
TSA 10010 - 10 rue du Centre - 93465 Noisy le Grand cedex
- Tel: +33 (0)1 57 33 83 00 from 09:00-16:00
- Fax : +33 (0)1 57 33 82 66
Usufruct and Nue-propriété
Wealth Tax For New Residents of France
75 Percent Income Tax and Wealth Tax Restriction
- Service Public - French government website
The tax rates, scope and reliefs may change. Any statements concerning taxation are based upon our understanding of current taxation laws and practices which are subject to change. Tax information has been summarised; an individual must take personalised advice.