Changes to wealth tax rules in France
From 2012 the threshold at which liability for ISF (Impôt de Solidarité sur la Fortune) arises will increase from 800,000 Euros to 1.3m Euros, so anyone with assets in France which are worth less than 1.3m Euros will not have to pay any wealth tax now. The government have also reduced the number of tax bands from six to two.
- 0.25% for those with assets between 1.3m Euros and 3m Euros,
- 0.5% for those with assets greater than 3m Euros.