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Tax on Real Estate Wealth 2022

In 2022, making a donation to a foundation such as the Fondation Audencia, which is hosted by the Fondation de France, will be the only way to obtain a tax reduction. 

75% of the amount of your donation is deductible within the limit of €50,000 per year (article 978 of the C.G.I.). If the amount of your IFI reduction exceeds the amount of your IFI or the ceiling, the excess cannot be carried forward to subsequent years. However, you can declare part of your donation (up to €66,667) for IFI purposes and the remainder for income tax purposes. 

The IFI in 2022 

The scale of tax brackets, deductions and ceilings remain unchanged in 2022. 

The IFI still applies to households whose real estate assets, not allocated to a professional activity, exceed €1,300,000 on 1st January of the tax year. The tax rate varies from 0.5% to 1.5%. 

Timetable for the 2022 IFI declaration : 

Deadline for submitting your declaration online based on your place of residence: 

  • Departments 01 to 19 and non-residents: Tuesday 24 May 2022 23:59
  • Departments 20 to 54: Tuesday 31 May 2022 23:59
  • Departments 55 to 976: Tuesday 8 June 2022 23:59

Deadline for the paper declaration: Thursday 19 May 2022. 

Deadline for payment : 

  • 15 September for payments in cash, cheque or TIP (up to €300)
  • 20 September for online payments

What you need to know 

In case of failure to declare the IFI, the prescriptions take effect on 31st December of the sixth year following the year of the tax event. An adjustment for failure to file a return by 2022 may therefore be possible until 31st December 2028. IFI surcharges of 40% can be added to the IFI itself for 7 years. 

IFI Calculator 

 

“Giving is not expensive! I give to various associations every year. My donations to the Audencia Foundation have an important place because they reflect my attachment to the school and my trust in the education that students receive there. We must think of those who need help to carry out their projects.”

Philippe Cholet, graduate GE 1964