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.
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.
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.
Eliane and her team have been preparing my tax returns and guiding me through the complexities of dual taxation (USA-France) for the past four years and I couldn’t recommend them highly enough! I first contacted Elitax two weeks before tax deadline, when I had been let down by another company. Eliane took the time to understand my situation and left me confident that she would take care of everything. And she did! Aside from Eliane’s comprehensive technical knowledge and impeccable English, she has the rare gift of being able to convey her knowledge in a way that an average human being can understand. In addition, I always appreciate Eliane’s calmness and patience and the personal interaction that she is always ready to provide.
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.