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Property tax (IFI): persons and goods concerned

Verified 01 January 2022 - Legal and Administrative Information Directorate (Prime Minister)

You are subject to property tax (IFI) if the net value of your property exceeds €1.3 million. This property includes all property and immovable rights held directly and indirectly in 1to January. Some property is partially or totally exempt. Some debts can be deducted from the value of your assets before tax.

You are subject to the IFI when the net taxable value of your real estate is greater than €1.3 million 1to January 2022.

Tax Home

The IFI declaration shall take into account the real property held by all persons composing the tax centre.

The IFI tax centre is composed of:

  • a person living alone: single, widowed, divorced, separated,
  • or persons couple.

In all cases, the property of the minor children whose property you have legal administration is taken into account.

Please note

divorced or separated parents with joint parental authority can each declare half the value of their minor children's property.

Origin of heritage

Your tax depends on your tax home.

Your tax domicile is in France

The tax applies to all property or rights in real estate, shares or shares in real estate businesses held in France and at the foreigner of the household.

FYI  

if you have just transferred your tax domicile to France after having been domiciled in the foreigner during the previous 5 calendar years, you are only taxed on property and property rights owned in France. This tax only on property located in France lasts for 5 years.

Your tax home is on the foreigner

The following properties are taxable:

  • Property and rights owned in France by your household
  • Shares that you or your household own in real estate businesses holding real estate in France
  • Shares or shares that you or your household own in real estate businesses holding real estate in France and in the foreigner, up to the amount of the property and rights owned in France

You must report the following items:

  • Buildings (for personal use or for rent): houses, apartments and their outbuildings (garage, parking, cellar...)
  • Classified buildings historic monument
  • Buildings under construction at 1to January 2022
  • Unbuilt buildings (building sites, agricultural land...)
  • Buildings or fractions of buildings represented by shares of real estate businesses
  • Real estate rights (usufruct, right of use or residence...)

FYI  

your main residence is the subject of a abasement of 30% on its value at 1to January 2022.

You can estimate the value of a property by using the online service Patrim, which is accessible from your home space.

Taxes: access your Home

Under certain conditions, partial or total exemptions are provided for in the following cases:

  • Buildings used for your business
  • Timber and forests under commitment of exploitation or for professional use
  • Rural property leased for long-term or professional use (agricultural land, buildings and farm equipment)
  • Rented accommodation furnished under the tax regime of the professional furnished rental

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Usufruit

Usufruct must be declared.

The usufruct integrates the property for its value in full ownership, except where the law provides for a tax apportioned between the usufruct and naked owner(s), according to a scale established according to the age of the user.

Simulator: tax structure of usufruct and nude-ownership

Right of use or residence

It must be declared.

Right of lessee to build

It must be declared.

Property of real estate

There is no declaration, unless the law provides for a tax apportioned between the usufruct and naked owner(s), according to a scale established according to the age of the user.

Simulator: tax structure of usufruct and nude-ownership

Temporary right to housing for surviving spouses, subject to conditions

No declaration

Some real estate investments are to be reported in the IFI, including:

  • Shares or shares of businesses or organisations holding real estate in France. You must report the value representing the property held by the business or agency. However, the property thus indirectly owned is not taken into account if you own less than 10% the capital of the owning business, or under certain conditions, where such immovable property is used for the activity of the owning business or a related business
  • Property and rights transferred to trust or placed in a trust for their venal value at 1to January 2022
  • Redemption Value Fraction to 1to January 2022 representative of taxable real estate assets included in the units of account of life insurance contracts

FYI  

real estate allocated to the operational activity of a business is excluded from the IFI base.

TheIFI: titleContent is calculated on the net value of your taxable estate 1to January 2022, i.e. after deduction of debts existing on that date, provided that they can be justified.

This may include a debt for the following expenses:

  • Acquisition of taxable property or immovable rights (mortgages)
  • Improvement, construction, reconstruction or extension work
  • Acquisition of shares or shares in proportion to the value of taxable property and immovable rights
  • Maintenance work due by the landlord or paid by the landlord on behalf of the tenant but not refunded by the landlord on December 31 of the tenant's year of departure
  • Payment of taxes due on the property concerned (e.g.: property tax or inheritance tax)

On the other hand, the taxes imposed on the occupant are not deductible (e.g. residential tax).

The portion of your tax corresponding to the income of your real estate is not deductible (land income for example).