Real Estate · FAQ
French real estate wealth tax (IFI), inheritance tax, estate planning: the essentials every owner of a townhouse or apartment in France should know, especially owners based in the United States.
Frequently asked questions
As a rule, yes. Non-residents are liable for the French real estate wealth tax (IFI) on property located in France once their net real estate holdings exceed the taxable threshold. How the property is held, how it is financed and the applicable tax treaties all directly affect the amount due.
Several levers exist within a strict legal framework: the choice of ownership structure, how the purchase or renovation is financed, and a rigorous valuation of the property. Debt deductions, however, are tightly restricted, so each situation must be reviewed individually.
Real estate located in France generally falls within the scope of French inheritance tax, even when the deceased and the heirs live abroad. The US-France and UK-France estate tax treaties then determine which country may tax and how double taxation is avoided.
Yes. Gifting the bare ownership, transferring shares in a holding company, timing gifts carefully: a well-prepared early transfer can often substantially reduce the tax cost for heirs while you keep the use of the home, taking into account the tax rules of your country of residence.
Contact
Every tax situation is different. Write to us to arrange a first confidential conversation, in Paris or by video call.
contact@chevronsfamilyoffice.comChevrons Family Office
97 Bd Malesherbes – 75008 Paris
