French Wealth Tax 2022

French Wealth Tax news for this (presidential) year, the deadline to file 2022 wealth tax return will be revealed next month, so keep an eye on our French blog.

The French tax authorities will reveal the 2022 real estate wealth tax return filing deadline in April 2022. Based on previous filing dates, we estimate that returns must be filed by 21 May 2022.

By way of reminder, since 1 January 2018, the French wealth tax has been replaced by an annual real estate wealth tax, known as Impôt sur la Fortune Immobilière (‘IFI’), which is a tax on real estate whose taxable base is limited to non-business-related real estate assets.
Non-French tax residents are only taxable on French real estate assets, whilst French residents are usually taxable on their worldwide real estate assets. Regardless of your residence or marital status, you are taxed as a single household for IFI purposes, including your spouse and minor children.

You will be liable to pay IFI in 2022 if the net market value of your French real estate assets exceeds €1.3m as at 1 January 2022. French estate agents can help you assess the value of your French real estate.

Please note this article is for general information only. You should not rely on it without advice on the specific facts of your case.

Our UK-based French tax experts specialise in such French/UK issues, including taxation, wealth tax, succession, real estate, and more. They have extensive knowledge of French tax. Contact us for more details or if you are shopping around for competitive euro rates and fast service.