Wealth Tax Return for Non-Residents of France

If you live outside of France, but own real estate assets in the country above a certain amount, you’ll need to file a real estate wealth tax return

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.

Our easy-to-follow, five-step tax return process

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:

• We’ll discuss your needs and the amount of time required to fill out your tax return
• We send you a clear questionnaire to fill out
• You fill in the questionnaire and send it back to us
• We’ll fill out your tax forms properly, based on the information you’ve supplied
• We’ll return your wealth tax return to you, or send them to the tax office on your behalf

Our tax return guarantee

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.

What do I need to know about French wealth tax returns?

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.

Which real estate wealth tax category am I in?

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).