DECRYPTION – The rise in real estate prices has increased the note of owners subject to this tax.
As every year, the start of the school year promises to be tax-laden for owners. While they have just received their property tax notices, those whose property value is greater than 1.3 million euros – 1.9 million if it is a main residence – must now pay real estate wealth tax (IFI). The 150,000 taxpayers have until Thursday, September 15 to send a check to the tax authorities and until September 20 to make a bank transfer. And some must cringe.
Set up in 2018 by the Philippe government, the IFI partially replaced the thorny solidarity tax on wealth (ISF) which targeted movable and immovable assets. Except that this new version is not without perverse effects. While the prices of real estate have exploded in recent years, the scale of this tax has not changed. Mechanical consequence: on the one hand, taxable persons see their IFI invoice
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