Wealth tax: assess your assets as accurately as possible

If your property assets (debts deducted) exceed 1.3 million euros, you are liable for this tax and must declare it (form n ° 2042-IFI). The deadlines are identical to those in force for income tax. From this declaration, the tax authorities will calculate the amount to be paid, generally by September 15. All real estate is taxable, including that held through civil real estate companies, funds, civil real estate investment companies or life insurance (with the exception of funds invested less than 20% in real estate and shares of listed real estate companies).

Read also: Who are the taxpayers subject to the IFI?

Only debts relating to taxable property are deductible, in proportion to their taxable share. This may be the balance of the work to be paid on January 1, 2020, the property tax (excluding household waste) and the theoretical IFI. Neither the housing tax nor the tax on property income or social security contributions are deductible. And like every year, it is possible

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