Private Clients: Income Tax, Net Worth Tax (Fortune Tax) and Inheritance Tax in France
With our long-reaching experience in German-French legal relations we are very familiar with the legal areas and specifics relevant to private clients and can expertly advise you accordingly.
The undertaking of an activity abroad, whether a short-term stay, a posting by an employer, or a change of residence, can quickly lead to complications with income tax reporting according to relevant tax laws. Such developments should be recognised early on and planned for as much as possible. Questions may arise regarding residence, country of residence, limited or non-limited tax obligations, as well as double taxation. Working in close contact with you, as well as with your German tax adviser, if necessary, we try to simplify and optimise your tax situation. We take care of any resulting declaration responsibilities for you, in France and in Germany.
If another country or additional countries are concerned, we can provide assistance for you via our international network, EUROPE FIDES. We have at our disposal not just "correspondence partners" in many countries, but rather competent professional colleagues whom we know personally and with whom we work closely. This enables us to solve your international issues in cooperation with our partner or we can connect you with our partner directly.
Non-resident private individuals in France with a real estate rental located in France are subject to French income tax. Should the occasion of collecting earnings from its sale arise, they are subject to a special return on investment taxation. We go over with you what declaration duties are available, whether an exemption is possible, and draw up the necessary documents for you.
We are at your service with regard to any questions on the rental or sale of your real estate and its management according to French tax law.
Property assets in France, in particular real estate possession, are subject to wealth tax, even if the owner is a tax foreigner. Equally, whether you are resident in France or not, we can advise you and draw up the necessary wealth tax return.
French inheritance tax or gift tax accrues in cases, such as when either the decedent or the beneficiary is resident in France or a part of the estate is in France or comes from France. We review double taxation agreements, where applicable, if and when inheritance tax applies, and to what extent double taxation can be avoided. Furthermore, it is of course our pleasure to take care of your declaration duties.