Wealth tax return for employees in France

As employer you have to make sure that you fulfil your legal information obligation towards your employees. Elitax is here to help you with your expatriates employees with their real estate wealth tax in France.

FIND OUT IF YOUR EMPLOYEES NEED TO PAY REAL ESTATE WEALTH TAX WITH HELP FROM THE FRENCH TAX ADVISORS

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.

DO YOUR EMPLOYEES NEED TO FILE A FRENCH REAL ESTATE WEALTH TAX RETURN?

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’s step-by-step process to an optimal real estate wealth tax return

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:

• We contact your employees to establish their needs and timing
• We send our real estate wealth tax return questionnaire to them
• They fill in the questionnaire and send it back to us
• We work on their file and get their forms prepared
• We deliver their French real estate wealth tax return forms, or file online on their behalf

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.

Our wealth tax guarantee

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.