Real estate wealth tax: does the PER count?

Question to an expert

Is the retirement savings plan (PER) part of the assets to be taken into account to estimate your real estate assets?

When declaring your real estate wealth tax (IFI), the question arises, as always, of the assets to be taken into account to estimate your real estate assets. Is the retirement savings plan (PER) part of it? The IFI being only based on real estate, the question may surprise.

But the devil is in the details: an investment in a PER itself invested in real estate can count. However, everything depends on the type of PER, detailed the Ministry of the Economy at the end of January 2023 in a response to Senator Claude Malhuret (The Independents-Republic and territories). He distinguishes between two situations.

Read also: Article reserved for our subscribers Retirement savings: the PER, a “bulldozer” of tax exemption

PER opened in the form of securities accounts (they are in the minority) are taxed at the IFI within the limit of the fraction of their value corresponding to real estate assets. For PERs in the form of life insurance, “non-redeemable” contracts escape the IFI, while those “redeemable” are taxed up to the fraction of their value representing real estate assets.

When is the PER life insurance redeemable, that is to say unlockable? As from the liquidation of the retirement or the age of opening of the right to pension. But also, before this deadline, for specific reasons: serious disability, cessation of activity following a judicial liquidation, acquisition of the main residence, etc.

Read also: Retirement savings: what happens to my PER if I die before releasing it?

Recognition in the IFI applies when an event capable of triggering a redemption occurs, even if there is no redemption.

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