Only natural person (« personne physique ») domiciled in France are submitted to the wealth tax.
No matter its nationality, the natural person who has his tax domicile (“domicile fiscal”) in France is submitted to an unlimited fiscal obligation (“obligation fiscale”) and all its possessions (“biens”) whether located in France or in a foreign country, are in the scope of the wealth tax.
– An International Tax Convention is signed with France for an indebted person (“redevable”) who has possessions in a foreign country;
– Double taxation is avoided by charging (‘”imputation”) the wealth tax payable in France with the wealth tax paid in other countries regarding properties or possession located outside of France; and
– Since August 6th 2008 persons who transfer their domicile in France can be temporarily ONLY taxable regarding their French possessions1, if:
The person had his tax domicile in a foreign country during 5 years before his settlement in France; and The person keeps his tax domicile in France during 6 years after his settlement. Regarding the natural persons domiciled outside of France, they are only taxable for the possessions located in France2. The tax domicile is defined by the article 4 B of the French revenue code.
I/ THE SCOPE. (« LE CHAMP D’APPLICATION »)
II/ BASIS OF TAX ASSESSMENT (“ASSIETTE DE L’IMPÔT”) & CALCULATION.
III/ PROFESSIONAL POSSESSIONS (“BIENS PROFESSIONNELS”).
fichier à telecharger:
100128 – The Wealth Tax