The French Wealth Tax on Real Estate: A Brief Guide
The Impôt sur la Fortune Immobilière (IFI), or Wealth Tax on Real Estate, applies to individuals who own real estate. Introduced on 1 January 2018, it replaced the former wealth tax, ISF (Impôt de Solidarité sur la Fortune), which had a broader scope. What is the IFI? The IFI is an annual tax on individuals […]
French Real Estate Acquisition: Key Tax Insights for International Buyers
Foreigners often focus primarily on France’s wealth tax on real estate (IFI) when buying property. However, a more significant long-term tax concern is commonly overlooked. While considering IFI is important, it is just one aspect of the overall tax landscape that non-resident owners face. Understanding other major exposures is equally crucial. The IFI: A Necessary […]
Is Filing Your Income Tax Return the First Step After Moving to France?
You have just settled into your new life in France. The café culture, healthcare, and quality of life are everything you hoped for. Now you are ready to address your French tax obligations. How complicated could it be? You receive retirement income from an IRA, maybe some Social Security benefits, plus dividends and interest from […]
Property Owners Return: New reporting requirement and deadline
On January 1st, 2023, a new reporting requirement was introduced in France, the property owners return. This new reporting requirement applies to owners of properties located in France, whether private individuals (French tax residents or not) or companies (incorporated in France or abroad). For example, if you own a property in France via a deemed […]
Your 2022 French income tax return
You may have been in living in France for several years, or maybe you arrived in France in 2021 and decided to live here permanently. In both cases, you must file an income tax return (“declaration des revenus”) this year to report your worldwide income received in 2021. Our French tax advisors can assist you […]
Buying a property in France: Tax considerations
Whether you are looking to buy a piece of France to fulfil a dream or for investment purposes, you should consider seeking legal and tax advice from a French tax advisor to prevent any adverse tax consequences that may result from your investment. You will find hereafter a summary of the key elements to consider when buying […]
Trusts in France: is your trust French connected?
Did you know that trusts having a connection with France must file tax returns in France? The purpose of these tax returns is to provide the French tax authorities with some information regarding the trust. If you do not know whether a trust is deemed as having a connection with France and whether tax returns […]