France Wealth Tax Calculator 2024
Calculate IFI (Impôt sur la Fortune Immobilière) on real estate assets
Introduction
🎯 What
France Wealth Tax Calculator 2024 estimates Impôt sur la Fortune Immobilière (IFI), a tax on high-value real estate assets in France.
👥 Who
High-net-worth individuals, French residents owning real estate, non-residents owning French property, real estate investors.
💡 Why
To calculate IFI liability based on net taxable real estate wealth exceeding the legal threshold.
🏠 Property Information
Receives 30% allowance
Deductible from taxable wealth
👤 Taxpayer Information
Non-residents pay IFI on French real estate only
ℹ️ About IFI (Wealth Tax)
IFI applies ONLY to real estate assets. Financial assets (stocks, bonds, cash) are exempt. Tax threshold: €1,300,000 net taxable real estate value.
💵 Tax Summary
Enter property details and calculate
Detailed Calculation Breakdown
2024 IFI Tax Rates (Progressive Brackets)
No tax on this portion
Entry threshold at €1,300,000 total
Standard rate for mid-level wealth
Higher rate bracket
High wealth bracket
Maximum rate for highest wealth
Important: If total net taxable real estate ≤ €1,300,000 → NO IFI DUE
Understanding French Wealth Tax (IFI)
🏛️ France Wealth Tax Overview (IFI)
IFI replaced the former ISF. IFI applies ONLY to real estate assets. Financial assets are excluded. Tax applies when net real estate value > €1,300,000.
Included:
- Residential properties
- Rental properties
- Land and building plots
- Real estate held via companies (proportionate share)
- Real estate rights (usufruct)
Excluded:
- Cash
- Shares, bonds
- Life insurance
- Business property (under conditions)
💡 Allowances & Deductions
📊 Calculation Logic
IFI is calculated progressively:
🌍 Residency Rules
- Residents: Subject to IFI on worldwide real estate
- Non-residents: Subject to IFI only on French real estate holdings
📅 Payment Information
- When: IFI is paid along with annual income tax filing
- Declaration: Filed with income tax return (declaration 2042-IFI)
- Due date: Typically in June, along with income tax
- Payment: Available through impots.gouv.fr online portal
Calculation Examples
Example 1: Below Threshold (No Tax)
Primary residence: €1,200,000
Other property: €500,000
Debts: €200,000
Net wealth:
(1,200,000 × 70%) + 500,000 − 200,000 = €1,140,000
IFI payable: €0
Example 2: Above Threshold
Total net real estate: €2,000,000
Tax calculation:
• 800,000 × 0% = 0
• 500,000 × 0.5% = 2,500
• 700,000 × 0.7% = 4,900
Total IFI = €7,400
Example 3: High Net Worth
Net taxable wealth: €5,500,000
Progressive calculation:
• €0 - €800,000 @ 0% = €0
• €800,000 - €1,300,000 @ 0.5% = €2,500
• €1,300,000 - €2,570,000 @ 0.7% = €8,890
• €2,570,000 - €5,000,000 @ 1.0% = €24,300
• €5,000,000 - €5,500,000 @ 1.25% = €6,250
IFI ≈ €41,940
Frequently Asked Questions (FAQs)
< strong>Q: Who pays IFI?
A: Individuals whose net real estate exceeds €1.3 million.
Q: Are financial assets taxed?
A: No, only real estate assets. IFI applies ONLY to real estate assets. Financial assets
(stocks, bonds, mutual funds), cash, savings accounts, and life insurance policies are
exempt from IFI.
Q: Is primary residence fully taxable?
A: No, 30% reduction applies. If your main residence is worth €1,000,000, only €700,000
(70%) is counted toward taxable wealth.
Q: Do non-residents pay IFI?
A: Yes, on French property only. Non-residents are subject to IFI on French real estate
only.
Q: When is IFI paid?
A: IFI is paid along with your annual income tax filing, typically in June. The
declaration (2042-IFI) is filed together with your income tax return through the online
portal at impots.gouv.fr.
Q: Can I deduct my mortgage from IFI?
A: Yes, outstanding property loans and mortgages are deductible from your gross real
estate value when calculating net taxable wealth.
⚠️ Full Disclaimer
This France Wealth Tax (IFI) Calculator 2024 is for informational purposes only and intended for Google AdSense monetization.
The calculations provided by this tool are estimates based on general French IFI (Impôt sur la Fortune Immobilière) rules applicable for the 2024 tax year. This calculator provides estimates only. Actual IFI liability depends on official asset valuation, debt eligibility, and tax authority assessment. Always consult French tax authorities (DGFiP).
This tool is for informational and Google AdSense purposes only. Actual IFI obligations may vary based on specific property characteristics, valuation methods, exemptions, and changes in French tax legislation.