Wealth Tax in France


Impôts sur le fortune’ or wealth tax, as we know it, is one of the largest obstacles to moving to France for many people with significant assets. 
 
Wealth tax is payable on an annual basis by any household, owning taxable assets worth over the threshold on 1st January. Payment is due in June. There is no wealth tax for those with below €1,300,000 in assessable assets.
 

Assessable net asset values Percentage applicable
   

Below     €800,000

0.00%

Between €800,000 - €1300,000

0.50%

Between €1,300,000 - €2,570,000

0.75%

Between €2,570,000 - €5,000,000

1.00%

Between €5,000,000 - €10,000,000

1.25%

Above     €10,000,000

1.50%

 
Unmarried couples will be taxed together for wealth tax, even though they are not taxed together for other taxes.
 
Wealth tax is assessed using the total sale value of all assets, although a 30% allowance is given against the value of your main residence. House contents etc. can be valued at a set 5% of total assets, or their real value may be used. Antiques, fine art and collector’s items are exempt, as are certain business assets.
 
You may also deduct your local taxes, income tax and even your theoretic wealth tax bill as liabilities. Certain business assets are also exempt.
 
Nearly everyone we talk to is surprised at the level of wealth tax they will have to pay, with the bill being significantly lower than they expected. 
 
 
 
 
 
 

The information on this page is intended only as an introduction only and is not designed to offer solutions or advice. Kentingtons can accept no responsibility whatsoever for losses incurred by acting on the information on this page.

 

“I'm not an expert on finance, but the report I received from Kentingtons was well laid out and in plain English making everything seem so easy. ”D Longfield
“Thank you for the peace of mind that you have given me”M Hill
“Kentingtons' knowledge of the markets and conservative investment approach, makes me feel very confident I am in good hands.”S Reeves
“Thank you for doing battle with the my local tax office. Thanks to you my tax bill is now half the original!”S Aspelin
“It seems to me that there is no problem that Kentingtons cannot solve. ”M Heider
“I had just one contact who dealt with all my concerns. Finally I can relax and enjoy being in France without the worry.”J Bartle
“I am legal and above board, in the system and much better off than I could have believed possible. Thank you Kentingtons. ”R Felton
“I genuinely feel that help is always at hand and that is so very reassuring. ”P Goodwin
“I feel like I have just made an amazing new friend. Thank you so much for your help.”V Joyce

Contact Us

Kentingtons offers national coverage throughout France and the UK. We can be contacted directly on the telephone numbers shown below:

FRANCE: 0810 23 84 23
UK: 08451 23 84 23
(calls are charged at no more than local rate)
EMAIL:
info@kentingtons.com

Request a Callback

pdfDownloads

French Tax Rates for 2017

For an overview of the last declared tax rates for the main French taxes. (Generally updated after the annual budget at the end of December each year). DOWNLOAD

Kentingtons Questionnaire

If you would like to have a detailed discussion about your situation, please complete this questionnaire and send it to us, either by post or e-mail. This service is at no cost or obligation, subject to meeting criteria of a minimum of €250,000 in financial assets.DOWNLOAD

RCS 500 163 282 DRAGUIGNAN,

Conseiller en investissements financiers, référencé sous le numéro F000116 par CIF-CGPC, association agréée par l'Autorité des Marchés Financiers

ORIAS 08038951 Garantie Financière et Assurance Responsabilité Civile Professionnelle Conformes Aux Articles L 512-6 et 512-7 du Code Des Assurances