mgb<STRONG>Mike<STRONG> Posted September 8, 2005 Share Posted September 8, 2005 We are retired and hope to move to France but because we are letting property in England we will have to pay Wealth Tax on the capital value in France. Our income from our property and pension is modest. Please can any one advise us on how to reduce or avoid this Tax or how we can find a copy of a book covering the calculation of Wealth Tax in English also a Translation into English of the French Tax return? Any advice suggestions would be appreciated Link to comment Share on other sites More sharing options...
LesLauriers Posted September 8, 2005 Share Posted September 8, 2005 Weath Tax is calculated on your world wide wealth and includes the current retail value of: any property, any vehicles, furniture, washing machine, fridge,plates, cups and saucers, vitually everything you have ever purchased, or been given.Plus the value of any savings or investments.You do get an allowance of 20% off of your primary residence in france and there are some things which are taxed advantageously such as art and antiques but in truth it is a coverall tax.Suggest you look at the book "Taxation in France" by PKF it is in the forum bookshop, I am told. Link to comment Share on other sites More sharing options...
Chrissie Posted September 9, 2005 Share Posted September 9, 2005 I have never been sure where/how you are asked to declare your Wealth....Is it part of the income tax form which I have missed/misunderstood? Or is it elsewhere? Chrissie (81) Link to comment Share on other sites More sharing options...
LesLauriers Posted September 9, 2005 Share Posted September 9, 2005 You have to ask for the forms and self declare, all the information and the forms are here:http://www.impots.gouv.fr/portal/dgi/public/particuliers.impot;jsessionid=C43A5AJVSIXRPQFIEMRSFFGAVARW4IV1?pageId=part_isf&espId=1&impot=ISF&sfid=50You may have to cut and paste the link. Link to comment Share on other sites More sharing options...
Fantine<br><br><br><br>Susie Posted September 9, 2005 Share Posted September 9, 2005 [quote]You have to ask for the forms and self declare, all the information and the forms are here:http://www.impots.gouv.fr/portal/dgi/public/particuliers.impot;jsessionid=C43A5AJVSIXRPQFIEMRSFFGAVARW4IV1?pa...[/quote]I wonder what percentage of expats (or French nationals come to that) have 'self-declared' and how stringent the government is at following up those who don't send in a declaration. Link to comment Share on other sites More sharing options...
Motorhead Posted September 9, 2005 Share Posted September 9, 2005 What happens if you don't know the current value of your UK property. Do the French send someone round to value it? Link to comment Share on other sites More sharing options...
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