IFI – Wealth tax
Anyone that has a property portfolio that exceeds 1.3 million euros on January first of the year, has to submit a wealth tax return (IFI in French). You need to declare houses, apartments, garages, usufruct, buildings under construction etc.
Who needs to submit an IFI tax return ?
You need this service in the following cases :
- You are not a French tax resident
You must file a wealth tax return (IFI) if your French property portfolio exceeds 1.3 million euros.
- You are a French tax resident
You must file an IFI tax return if your entire real estate portfolio exceeds 1.3 million euros. This includes the obligation to declare your non-French real estate assets. If you have recently become a French tax resident, you will only pay IFI on your French properties during the first 5 years.
If you are unsure of your French tax residency status, you can refer to our article, watch our video or contact us for assistance.
Start your IFI tax return
Our IFI tax return service includes:
- Assistance in the collecting relevant information and the necessary documents to prepare your declaration.
- Optimization of tax reductions (including mortgage deductions and taxe foncière reductions).
- Completion of administrative forms (such as 2042 and 2042 IFI).
- Calculation of IFI tax and social security contributions.
2024 IFI tax deadlines
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May 2024
Non residents of France + department 1-19
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May 2024
If you declare for the first time (paper return) + department 20-54
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June 2024
Department 55-976
