Individuals who are tax residents of France, regardless of nationality, are subject to real estate wealth tax if the value of their worldwide real estate assets is over €1,300,000
If your clients are in this situation, they must file an annual wealth tax return with the French Tax Administration. Elitax is here to help them with their real estate wealth tax return.
Category 1 – They earn no income but their real estate wealth exceeds 1 300 000 euros but is less than 2 570 000 euros: They need to file only a French real estate wealth tax return
Category 2 – They earn income and their real estate wealth exceeds 1 300 000 euros but is less than 2 570 000 euros: They need to file an integrated income and real estate wealth tax return
Category 3 – They earn income and their real estate wealth exceeds 2 570 000 euros: They need to file two returns (an income tax return and a separate real estate wealth tax return)
We guarantee all wealth tax returns prepared by us as long as these are submitted without any changes. We do not guarantee real estate wealth tax returns in cases where information has not been supplied or has been incorrectly given or withheld.
We’ve helped hundreds of clients resolve their tax issues.
I have used the Elitax services for two years now, and my taxes have always been done in a timely manner. Even though I have had challenges with the personal taxes in France, due to different sources of income from abroad that needed to be declared, the team offered professional advice on what to do to get the situation resolved. I am very pleased with the service and the professionalism, especially they provided valuable advices that provided significant tax savings. Thus, I recommend their service to anyone who’s looking for great customer service and a great tax preparer, especially for expats living in France.
As an Australian working in France I found the French Tax system somewhat daunting. I first approached Elitax three years ago when confronted with an Audit from the French Tax Office. With a number of investments in my home country this was a daunting task. Eliane and her team worked tirelessly to help me provide the 3cm thick file of paperwork and submit the request on time. During the preparation Elitax uncovered that I had been made an error during the two years under audit and I was due a small refund! I have been a client of Elitax ever since, even after returning to Australia. If you need to navigate the vagaries of the French Tax system I highly recommend Eliane, Stephanie and the team at Elitax.
We have used Elitax.com for the past three years. At first we were unsure if a firm based in Paris, so far from us would be the correct thing to do. Our French language skills are limited but we had been assured (by other ex-pats) that our tax declarations would be simple and could easily be completed without engaging a professional firm. That is so far from the truth, it is almost a lie! We soon discovered just how the rules are littered with potholes ready to swallow the naive declarant whole. A very simple mistake, in entering our income in the wrong format, led to a very frightening tax investigation. At the conclusion of which we were just advised that our tax forms should be done by someone who knew what they were doing. Elitax were our saviours. Their advice and forms are simple to follow. The firm is efficient and are always available if assistance is needed. They ensure that you are fully aware of your responsibilities in relation to your declarations and they work well to ensure that submissions are made seamlessly. Their online client space is easy to follow. We cannot recommend Elitax enough.
Eliane Rakotonoel helped me solve a problem with my tax declaration quickly and efficiently. Her expert knowledge and advice saved me a great deal of time and anxiety. I highly recommend Elitax.