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Property tax (IFI): persons and property concerned

Verified 01 January 2023 - Directorate for Legal and Administrative Information (Prime Minister)

Do you have a substantial estate? You are subject to property tax (IFI) if its net exceeds €1 300 000. This includes all real property and 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 €1 300 0001to January 2023.

Tax Home

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

The IFI tax home is made up of one of the following two ways:

  • A person living alone, whether single, widowed, divorced or separated
  • Two 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 ::

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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 abroad.

FYI  

if you have just transferred your tax domicile to France after having been domiciled abroad 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 abroad

Taxable property includes

  • Property and property 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 abroad, up to the amount of the property and rights owned in France

You must report, among other things:

  • Buildings (for personal use or for rent): houses, apartments and their outbuildings (garage, parking, cellar...)
  • Classified Buildings historic monument
  • Real estate under construction at 1to January 2023
  • Unbuilt real estate (building land, agricultural land...)
  • Real estate or fractions of real estate 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 abatement of 30% on its value at 1to January 2023.

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

Taxes: Accessing Your Personal Space

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

  • Real estate 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 company

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Usufruit

Usufruct must be declared.

The usufruct integrates the property for its value in the middle of the property.

However, if the law provides for a taxation split between the usufruct and the the naked owner(s), the distribution shall be based on a scale established according to the age of the usufruct.

You can use the following simulator to determine the distribution:

Simulator: tax structure of usufruct and nude-ownership

Right of use or residence

It must be declared.

Right of the lessee to build

It must be declared.

Property of real estate

The naked owner of a property must not declare it to the IFI, because the usufruct has the obligation to declare the value of the property in full ownership.

However, the nue-owner must declare the value of the nue-ownership if the law provides for a distribution of the tax between the usufruct and the naked owner(s).

In this case, the value of the nue-property and the value of the usufruct are calculated according to a scale established according to the age of the usufruct.

You can use the following simulator to determine the distribution:

Simulator: tax structure of usufruct and nude-ownership

Temporary right to housing for the surviving spouse, subject to conditions

No statement.

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 organisation. 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 venal 1to January 2023
  • Redemption Value Fraction to 1to January 2023 representative of taxable real estate assets included in the units of account of life insurance contracts

FYI  

real estate assigned to the operational activity of a business is excluded the plate IFI.

TheIFI: titleContent is calculated on the net value of your taxable estate 1to January 2023, i.e. after deduction of existing debts 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 for the properties concerned (e.g. property tax or inheritance tax)

On the other hand, the occupant's taxes are not deductible.

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

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