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 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.
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.
The tax law is admittedly complicated for a foreigner living in France, it is comforting knowing that a professional like Eliane and her team are on the job. They delivered on all aspects; alwaysprofessional, client focused and with a smile on their face. A pure pleasure doing business with Elitax!
Neither my employer nor I had any experience with detached employee contracts. In my first few months moving from Paris to New York, we discovered many gaps in social protection and unexpected higher taxation obligations. The counsel we received from Elitax helped frame our choices, and enabled us to put everything in order. My company was smarter for the next set of expat assignments. Thanks, Elitax!