IFI 2018, make your generosity count
French wealth tax: ISF to IFI
On 1 January 2018, the current French wealth tax, Impôt de Solidarité sur la Fortune (ISF), was replaced by a new tax, Impôt sur la Fortune Immobilière (IFI). This reform, drawn up as part of the draft 2018 Finance Bill, was passed by Parliament on 21 December 2018.
The threshold and scales of French wealth tax remain unchanged but, unlike the ISF, now only property is taxable. The levy concerns property portfolios with a net asset worth of €1.3 million or more.