French Taxes

Property Wealth Tax – IFI (Impôt sur la Fortune Immobilière)

IFI payable for properties above €1.3m.

French Wealth Tax (“ISF”) was replaced on the 1st January, 2018, by the new Real Estate Wealth Tax (“IFI”).

New rules on debt deductibility have been made to adjust to the more limited scope of application of the IFI. These restrictive rules apply in situations where real estate property is owned directly.

The IFI returns must be filed with the French tax administration by the 15th of May of every year.

If you wish us to handle the completion and filing of your IFI, please call to make an appointment to discuss the matter with Nathalie Trousset.

Inheritance tax

Inheritance tax in France must be paid within one year from the time of the death. Penalty fees will be applied for late filing.

If instructed, we will outline your French inheritance tax exposure.

If you wish to discuss the matter, please call to make an appointment to discuss the matter with Nathalie Trousset.

Gift tax

We can assist you with the gift of your French assets. The rate in France is family related.