IFI: SHOULD CHANGE THE ESTABLISHMENT OF YOUR REAL ESTATE HERITAGE?
In accordance with what Emmanuel Macron announced during the campaign for the presidential election of 2017, the Solidarity Tax on Fortune (ISF) was replaced on 1 January by the Real Estate Tax (IFI). ).
As its name suggests, the new tax is based on the real estate wealth of taxpayers, whether held directly or not. Conversely, it excludes all other types of assets, including shares that were previously subject to the ISF.
Faced with this "fiscal revolution" (the ISF had been in place for more than 30 years and its sustainability seemed to be acquired), some taxpayer profiles were able to question the best strategy to implement. Should we change the constitution of its assets to reduce its exposure to real estate and privilege assets exempt from IFI?
Fewer taxpayers affected
If arbitrations can be envisaged, one must not forget one essential point: the contours of the tax remain the same: like the ISF, the IFI is due by the natural persons who own a real estate inheritance whose value exceeds 1 , 3 million euros on 1 January of the reporting year.
His scale, too, is identical. Apart from owning only real estate assets, a taxpayer who was taxed at the ISF is therefore likely to be taxed at the IFI, or less strongly. According to the projections of the tax administration 150,000 people should thus fall under the new tax in 2018, against a little over 350,000 for the ISF in 2017.
Take the time to think
As the IFI is due on the basis of the assets on the 1st of January of the year of declaration, it is useless to act in haste. What you do this year will only impact the IFI to pay in 2019. Take time to think carefully, keeping in mind several things:
As for the ISF, the principal residence continues to benefit from a reduction equal to 30% of its market value on January 1st,
For goods purchased on credit, it is possible to deduct the loan taken out of taxable wealth at the IFI,
Under certain conditions, usufructuary and bare owner are each taxed on the value of their right.
The maximum rate of the IFI is 1.5%, which is quite low ... If the sale of part of your wealth requires you to pay property tax real estate, it is perhaps more advantage not to sell it.
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