France’s tax laws work based on your current real estate wealth, as well as income. Even if you are not personally in the country, your assets are still taxable if they add up to over a certain amount. At Elitax, our accountants specialise in this type of tax and can help you submit a tax return that accurately reflects your real estate wealth, ensuring you only pay the correct amount and saving you from any potential legal penalties.
We use a simple five-step process to make our real estate wealth tax return service as easy as possible, no matter how complicated your situation may be:
All our real estate wealth tax returns come with a guarantee when we’re finished with them. Please be aware that we can’t offer the guarantee to real estate wealth tax returns that have been adjusted after we have finished filling them out, or for tax returns where incorrect information has been supplied to us.
If you’re a tax non-resident of France, regardless of nationality, you are subject to wealth tax if the value of their worldwide real estate assets is over €1,300,000. You will need to file an annual real estate wealth tax return with the French tax administration. If you are in this situation, our tax advisors are here to help.
Category 1 – You earn no income in France but the value of your tangible real estate assets in France exceeds €1,300,000:
You need only to file a French real estate wealth tax return.
Category 2 – You earn income in France and the value of your tangible real estate assets in France exceeds €1,300,000 but is less than €2,570,000:
You need to file an integrated income and real estate wealth tax return.
Category 3 – You earn income in France and the value of your tangible real estate assets in France exceeds €2,570,000:
You need to file two returns (an income tax return and a separate real estate wealth tax return).
We’ve helped hundreds of clients resolve their tax issues.
As a retiree, I strongly recommend Elitax’s services. I much appreciated their personal touch, the attention to detail and the excellent value for money they have provided. They have really taken a lot of weight off my mind.
For several years now I have consulted Elitax on tax advice and have entrusted Madame Rakotonoel with the preparation and submission of my annual tax returns. As a British expatriate moving to France I have found her advice and guidance invaluable on both a personal and professional level. Despite her busy schedule she has always found the time for a meeting or an exchange of messages to clarify specific points on tax matters and with generous help in the preparation of communications with the authorities where necessary.
Eliane Rakotonoel’s assistance has been essential to us in order to properly submit our tax information in France. We are very confident that all of the documentation is correct and that we are well represented in all things related to taxes in France. Everyone who works in her office is very professional and pleasant. We are very fortunate to have found her when we needed help and we happily recommend her to anyone who needs assistance with taxes in France.
As an American/French couple living in France, we really had no idea what to do when it came to dealing with our newly conjoined taxes (both American and French), so we are eternally grateful to Elitax for their help. They not only did a magnificent, efficient job with our taxes and with answering our many, many questions, but also they reached out to their contacts on my behalf to help with setting up my own French business. We really could not recommend them highly enough to anyone searching for a truly trustworthy and highly capable team that will take good care of their taxes.