Income tax isn’t the only thing to consider when it comes to French tax law. Some residents may have to pay real estate wealth tax.
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 employees are in this situation, they must file an annual real estate wealth tax return with the French Tax Authority. If they are unsure whether they need to pay real estate wealth tax, or need help filing their real estate wealth tax return, contact Elitax today for a free consultation. free consultation.
Not all residents of France are subject to real estate wealth tax. Take a look at our three categories below to see what kinds of tax return your expatriates employees need to file. If they don’t fit into any of these categories, they are exempt from real estate wealth tax, but may be subject to other forms of tax. See our page on general tax information to see what is required of them.
● They earn no income but their real estate wealth exceeds €1,300,000, but is less than €2,570,000 euros: You need to file a French real estate wealth tax return.
● They earn income and their real estate wealth exceeds €1,300,000 but is less than €2,570,000 euros:
They need to file an integrated income and real estate wealth tax return
● They earn income and their wealth exceeds €2,570,000: They need to file an income tax return and a separate real estate wealth tax return
If you would like us to clarify to your employees whether their real estate assets require them to complete a real estate wealth tax return, get in touch.
Elitax has years of experience arranging real estate wealth tax returns for tax residents in France. We’re also dedicated to making life simple for our clients. That’s why we’ve created a five-step plan that depicts the process of filing a real estate wealth tax return with us:
Any issues that arise during the real estate wealth tax return process will be dealt with by our bilingual tax specialists. Clear and regular communication is at the heart of what we do at Elitax.
We guarantee all real estate 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.
I am a United States citizen who has lived in France since 2004. I currently have a “titre de séjour, résident de longue durée” which will be valid until 2026. Elitax has prepared my French income tax return for me since I arrived in France more than thirteen years ago, and I have always been extremely satisfied with their work. I expect to remain a client of Elitax indefinitely.
I have had the pleasure of working with Eliane at Elitax for the past three years. She makes what seems like a complicated foreign system for an expat straightforward, efficient and timely! Eliane and her team handle any questions or requests from the Impots Francais quickly and help put your mind at ease. While I am domicile here in France I will certainly be using Elitax services which come highly recommended!
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.