How much is the annual French Wealth Tax?
A. If you are not a French tax resident, wealth tax is payable only on your net French assets in excess of €750,000 (2006). The rates start at 0.55% and go up to 1.8%. As an example: Net Assets Wealth Tax Payable Under €750,000 Nil €1,000,000 €1,375 p.a. €1,500,000 €4,725 p.a. The rates in full for 2006 are: Gross Worldwide Assets of the household % age Tax on Band Cumulative Tax Under €750,000 0 0 0 €750,000 to €1,200,000 0.55 €2,475 €2,475 €1,200,001 to €2,380,000 0.75 €8,850 €11,325 €2,380,001 to €3,730,000 1.00 €13,500 €24,825 €3,730,001 to €7,140,000 1.30 €44,330 €69,155 €7,140,001 to €15,530,000 1.65 €138,435 €207,590 €15,530,001 upwards 1.80 The same rates apply to French residents – but on a worldwide assets basis.
