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.
In the context of constant movement of the work force between world’s countries and not a uniformed way of taxation laws, for a foreigner can be a struggle to adapt to the local financial and taxation system. As an expat in Paris, Elitax was for me the compass and help needed to understand the French system. The communication with Elitax was easy, professional and with great English level. What, how and when to do all the applications in order to respect French fiscal system were explained in a comprehensive way. I strongly recommend Elitax as your expat consultant. I would return as a customer to their service.
In my dealings with Elitax I have found them to be open and honest. I was impressed by their knowledge and above all their professionalism. They are also nice people to deal with.
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.
The tax law is admittedly complicated for a foreigner living in France, it is comforting knowing that a professional like Eliane and her team are on the job. They delivered on all aspects; alwaysprofessional, client focused and with a smile on their face. A pure pleasure doing business with Elitax!