How the fall in real estate will impact the IFI

By Julie Ruiz

Posted , Update

On the Montmartre hill, in Paris. In addition to the price per square meter, the estimate of the property can rise due to certain characteristics (nice view, good exposure, etc.). ARNAUD ROBIN/Le Figaro Magazine

DECRYPTION – Falling prices could exempt some from paying this tax. But taxpayers should nevertheless expect tighter controls.

Deadline for filing your income tax return, this Thursday is also for taxpayers subject to real estate wealth tax (IFI) the deadline for declaring the value of their property to the tax authorities. But with the new dynamics of the real estate market, it is not so easy to estimate your property. Real estate prices are in free fall throughout France, in particular because of the rise in borrowing rates which limits access to credit for potential buyers.

In 2022, 164,000 households received a real estate wealth tax notice from the tax authorities, according to figures from the DGFIP. Given the situation in the real estate market, they could be tempted to revise the value of their property downwards in their declaration, taking into account the weakening of selling prices in recent months. But this choice can be risky.

Read alsoIFI: how to declare your ets held abroad according to your tax domicile

Indeed, taxpayers must make their declaration on the basis of the value of the property…

This article is for subscribers only. You have 83% left to discover.

Want to read more?

Unlock all items immediately.

Already subscribed?

Source link

Leave a Reply