IFI valuation.
French real estate is taxed on its value. That value has to be justified.
What the IFI taxes.
The impôt sur la fortune immobilière is charged on real estate assets, held directly or through companies, where the taxable estate exceeds the statutory threshold on 1 January. Residents are taxed on their worldwide property; non-residents on their French property alone.
The taxpayer declares the value. The tax authorities may challenge it, and the burden of showing that the declared figure is sound rests on the person who filed it. A valuation report is the instrument for that.
A value that stands up on 1 January.
The firm values the property as at the relevant date, on comparable evidence, and states the deductions and discounts applied: liabilities, joint ownership, split ownership, leases in place, and any legal restriction on the asset.
For assets held through companies, the shares are valued after the property, with the corporate structure and its debt taken into account.
Direct holdings
Apartments, houses, buildings, land, in France and, for residents, abroad.
Company holdings
SCI and other structures, valued after the underlying property.
Discounts
Joint ownership, split ownership, occupation and lease constraints, quantified and reasoned.
Reassessments
Technical support and a report to produce where the authorities challenge a declared value.
A French asset, a French standard of proof.
Owners resident abroad are exposed to the same standard of proof on their French property as residents. Correspondence, the report and the exchanges with the authorities are handled in French, and the firm works with English-speaking clients and their advisers throughout.
A French property to declare?
Describe the asset and its holding structure. We will tell you what the valuation involves.
Request a valuation