Presentation ©

IFI 2018, make your generosity count

French wealth tax: ISF to IFI

LAST MINUTE : The deadline for the declaration of IFI has been extended to June 15, 2018 by the General Directorate of Public Finance. For more information you can consult the press release and our FAQ.

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.
 

Tax calculator

Combine generosity and tax efficiency

Do you pay IFI?

If so, you can deduct 75% of your donation from your IFI. The tax reduction ceiling on donations is €50,000. The ceiling for direct or indirect investments in small or medium-sized companies made before 31 December 2017 is €45,000. Since 1 January 2018, investments in small & medium-sized companies can no longer be deducted from your IFI.*

 

Calculate the donation that will give you the greatest tax reduction.

 

This tool is a simulator. None of the data you enter is kept on record.

This tool is a simulator. None of the data you enter is kept on record.

Do you pay IFI ?

You can deduct 75% of your donation from your IFI. The tax reduction ceiling on donations is €50,000. The ceiling for direct or indirect investments in small or medium-sized companies made before 31 December 2017 is €45,000. Since 1 January 2018, investments in small & medium-sized companies can no longer be deducted from your IFI.*

Do you pay income tax?

66% of your donation can be deducted from your income tax, up to 20% of your net taxable income (over 20%, the excess is reported over the next 5 years)

* Based on the information available today.

ISF - Calendrier Fiscal

If you are indebted to the IFI and the IR, the reporting date is the same for all departments.
If you are liable to the IR, date of your declaration depends of your department of residence.

     

DEPARTMENT OF RESIDENCE

YOU ARE LIABLE OF IR

YOU ARE LIABLE OF IFI & IR

Estimate of your estate

All

Not concerned

Estate > or =  

1 300 000 €

Declaration form

All

N° 2042

N° 2042-IFI

Date of paper tax declaration

All

May 17th, 2018 at 11:59 pm

 

 

 

June 15 th, 2018 at 11 :59 pm

Date of internet tax  declaration

01 à 19

Non-resident in France

May 22nd, 2018 at 11:59 pm

2A à 49

May 29, 2018 at 11:59 pm

50 à 976

June 5,  2018 at 11:59 pm

Deadline for payment of your IFI

All

September 17th, 2018

Tax receipt

 

To be kept and produced if requested by the tax authorities during the 3 years following your declaration. *

* In the state of information available on the site https://www.impots.gouv.fr to April 12, 2018.

Tax benefits

Donation and tax exemption

By donating to the Médecins Sans Frontières Foundation, you can support an important cause and numerous innovative projects while reducing your tax bill. 

If you have net real estate assets in excess of €1,300,000, you are liable for French wealth tax (IFI). This tax is based on the value at 1st January of tangible and intangible real estate assets after deduction of debts. 

How can you benefit from a tax deduction or exemption? 

You can reduce and even be totally exempted from IFI by making a donation to a Foundation recognised as being of public benefit such as the Médecins Sans Frontières Foundation. The maximum reduction is €50,000 per year. 
To calculate your reduction, just divide the amount of your wealth tax by 0.75. For example, if you pay €1,500 in wealth tax, with a donation of €2, 000 you can deduct all your IFI tax.

In return, the Médecins Sans Frontières Foundation will send you a tax receipt within two weeks of receiving your donation. 

Your personal advisor

The MSF Foundation is your partner. Contact us to help you put in place your charitable ambitions:

©

Catherine Béchereau Donor Loyalty and Philanthropy
01 40 21 56 88
donateur@fondationmsf.fr

Tax scale 2018*

Only taxpayers whose net taxable estate value is equal to or above €1 300 000 are liable for income tax. This liability is progressive.

Income tax may not exceed 75% of your income in France and abroad, after deduction of professional fees from the previous year (2016 here).

Wealth bracket
Applicable rate
From 0 € to 800 000 €(*)
0 %
From over 800 000 € to 1 300 000 €(*)
0,50 %
From more than 1 300 000 to 2 570 000 €(*)
0,70 %
From more than 2 570 000 to 5 000 000 €(*)
1 %
From more than 5 000 000 to 10 000 000 €(*)
1,25 %
More than 10 000 000 €(*)
1,50 %

* Based on the information available today.

(*) A reduction applies to estates worth between €1 300 000 and €1 400 000.
It is: €17 000 — 1.25% of the net taxable value of the taxpayer’s estate

A donor speaks

Jean-Loup Picard

Témoignage

Throughout the world populations are suffering faced with extreme misery, conflict, epidemics and climate-related disasters. Time and time again, MSF stands shoulder to shoulder with these populations and is often the only or the last organisation on the ground.

MSF is extremely proficient in three areas offering quality medical care, efficient logistics and experience in managing operations in extremely fragile and often dangerous situations.

The MSF Foundation is there to help advance the work of MSF, improving both efficiency and effectiveness to further improve the Association’s field missions. The MSF Foundation is a wonderful tool for mobilising a community of small and large donors, who can put to work the funds, skills and motivation they have to offer to transform humanitarian medicine. It gives me great pleasure to stand alongside The MSF Foundation’s staff and share my expertise when I can at round tables and meetings.

© Jean-Loup Picard

Projects

© msf

Focus

3D Prosthetics

The Médecins Sans Frontières Foundation ventured into the world of 3D technology in an attempt to address the poor access to prosthetics that is the reality across much of the world. If amputees are to regain their physical integrity and autonomy, improving this access is vital.
Discover

© Stefan Dold/MSF

MiniLab

The aim of the MiniLab project is to design and produce a portable laboratory that can be used in MSF’s programme countries. By adapting existing technology, MSF teams will be able to perform the bacterial analyses required to diagnose certain infections, and to monitor antibiotic resistance and improve the care delivered to patients.

Discover

© Adam Scott Hinchliff/HOT

Collaborative Learning Lab

The MSF Foundation is supporting the development of a training course for MSF coordinators running emergency operations in conflict or major disaster situations.

Contributing is the best way to help us drive change.