ISF

[audio]

I have been requested to complete form 2725 (ISF)

After a lot of reading I think the main residence content’s, i.e. furniture etc can be declared at 5% of all other assets but I am not absolutely sure.

The form explains this in french  but on my translation, it is not clear to me.

I have left this  a bit late for completion but can someone help to clarify this for me please.

Thank you.

[danny]

Three possibilities are available, these are

1. Make a detailed listing with attached values.

2. Take your insurance valuation.

3. Take 5% of the open market value of the property before the 30% deduction.

Antiques etc are not counted.

[LesLauriers]

[quote user="danny"]Three possibilities are available, these are

1. Make a detailed listing with attached values.

2. Take your insurance valuation.

3. Take 5% of the open market value of the property before the 30% deduction.

Antiques etc are not counted.[/quote]

It is 5% of your total taxable worth not 5% of your principle residence;

From form2725:

"Forfait immobilier EF = DE x 5%"

DE is "Total des immeubles et des biens meubles : (DE = AB + AC + BK + CD + CE + CF + CG)

[danny]

http://france.angloinfo.com/countries/france/moretax.asp

they seem not to agree.

[danny]

then again this site agrees with you.

http://www.french-property.com/guides/france/finance-taxation/taxation/wealth-tax/assets/

[LesLauriers]

[quote user="danny"]http://france.angloinfo.com/countries/france/moretax.asp

they seem not to agree.[/quote]

They do disagree with the ISF return produced by the French Government, but what do you expect from Blevins Franks?

[audio]

Thank you all for your replies.

Regards

Audio