The real estate wealth tax always brings in more

The real estate wealth tax always brings in more
The real estate wealth tax always brings in more

According to data from the General Directorate of Public Finances (DGFIP), nearly 176,000 households were subject to the real estate wealth tax (IFI) in 2023, an increase of 7.3% compared to the previous year. This increase in the number of taxpayers is accompanied by a slight drop in the average amount of tax paid, estimated at around 11,100 euros, marking a decrease of 1.1% compared to 2022. This statistic reflects a redistribution within wealth brackets, in particular due to the arrival of new taxable households generally having lower assets.

Typical portrait of the person subject to the IFI

The IFI generated revenue for the State amounting to 1.95 billion euros in 2023, recording an increase of 6.2%. This increase in revenue is mainly due to the increase in the number of taxpayers, despite the drop in the average amount taxed. The tax threshold remains set at 1.3 million euros for real estate, despite the continued escalation of real estate prices which automatically brings more households into the spectrum of this tax.

The majority of taxpayers subject to the IFI reside in the Paris region, with a notable concentration in Paris itself, followed by the departments of Hauts-de-Seine and Yvelines. Additionally, around 4% of IFI taxpayers live abroad, indicating a significant geographic dispersion of real estate wealth.

Average age at 70

Demographically, the average age of taxpayers subject to the IFI is 70 years old, and almost 70% of them are over 65 years old. This data contrasts with the average age of taxpayers liable only for income tax, which is 53 years. The youngest households, that is to say those whose main declarant is aged under 45, have a higher average wealth, estimated at 2.7 million euros, compared to 2.45 million euros for older households.

The IFI, which replaced the wealth tax (ISF), continues to play a key role in tax policy, particularly in the current context of real estate asset management. As the taxable population ages and average wealth fluctuates, the IFI remains an important tool for the State, making it possible to mobilize substantial financial resources while attempting to adapt taxation to a constantly evolving real estate market.

-

-

PREV What is this huge ship that has taken up position opposite Courseulles-sur-Mer?
NEXT The CNI validates investments of more than 152 billion dirhams