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.
Elitax was referred to me a couple of years ago, where I first met Eliane. Being a new Impatriate to France, Eliane was excellent in easing me into the ways of the French tax system, appropriate to my situation. Her clear explanations, obvious great knowledge of the subject and generosity with her time and effort has made life so much easier than it could have been. I have to say that whenever I have needed to call upon Eliane she has responded promptly and I can definitely say she ‘goes the extra mile’ to help. If anyone needs tax advice as someone coming into France then I advise them to contact Eliane. I am very happy to endorse Elitax.
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.
I approached Elitax because I needed assistance with filing my French taxes. Eliane and her team helped by providing great support. My taxes were prepared, explained, and filed without issue. The process with Elitax was smooth and I found the experience positive. I would recommend Elitax to other Expats needing assistance with their French taxes