Newsletter n°26 - January 2012
The French Tax Online team wishes you a Merry Christmas and a Happy New Year. Please note that the customer service will be closed from December 24th to January 1st included. |
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Summary • Next deadline • Tax news for 2012 • Planning ahead: Your 2011 French income tax returns in 2012 |
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Next deadline 01/01/2012 Start of the 2012 tax season 30/04/2012 Leaseback: Deadline for submitting 2011 VAT declaration AND 2011 VAT payment 30/04/2012 Furnished rentals (leaseback and regular rentals): Deadline for submitting 2011 income tax declaration 30/04/2012 SCI: Deadline for submitting 2011 tax declaration (form 2072 or 2065) Full schedule... |
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Tax news for 2012 • New assessment of the Capital Gains Tax from Feb. 1st 2012: - The fixed allowance of €1,000 disappeared on Sept. 19th 2011 ; - The allowance for years of owning will change at the beginning of Feb. It will be possible to reduce the CGT of: 2% for each year between the 6th and 17thNB : For any additional information on French CGT, please do not hesitate to visit our website : www.french-capital-gains-tax.fr Through this website you can access to the latest information on French CGT, get an estimation of the amount of CGT to pay on the sale of your French property and a quotation of our fees as your tax representative. • Social Charges rate: From Oct. 1st 2011, the French social charges have increased from 12.3% to 13.5%. Please note that non residents are not subject to social charges. • Income Tax rate: There will be no changes in the tax bands used for the calculation of the 2011 income tax for French tax residents (same flat rate of 20% applying to non French residents): - Up to €5,963 : 0%• New calculation of the Wealth Tax for 2012: - only people with a net taxable asset superior to 1.3 million euro will have the obligation to submit a 2012 wealth tax declaration and pay 2012 wealth tax ; - only 2 tax bands will be used to assess the wealth tax : A net taxable asset on Jan. 1st 2012 estimated between 1.3 and 3 million euro will be taxed at a fixed rate of 0.25% on its whole (no allowance)A French tax resident is liable to Wealth Tax on ALL its assets in France and abroad. A non resident is liable to Wealth Tax only on its French assets, excluding its financial assets. |
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Planing ahead: Your 2011 French income tax returns in 2012 • For non residents: You are the owner of a Leaseback property You need to submit the following tax forms : - 2011 VAT return (form n°3517) and 2011 VAT payment before the 30th April 2012;You are the owner of a French property that you rent FURNISHED (no leaseback scheme) You need to submit the following tax forms : - 2011 annual furnished assets income tax return (form n°2031-2033) before the 30th April 2012;Your are the owner of a French property that you rent UNFURNISHED You need to submit the following tax forms : - 2011 annual general return (form n°2042) and 2011 annual unfurnished rental return (form n°2044) before the end of June 2012 (date to be set by the tax authorities).You have French incomes to declare but you are not a French tax resident You have until the end of June 2012 to submit the necessary tax forms, depending on the type of incomes you have to declare. To fill in your French tax forms on line, please click here... • For French tax residents: You have until the end of May 2012 (date to be set by the Tax authorities) to submit the necessary tax forms, depending on the type of income you have to declare. To fill in your French tax forms on line, please click here... |