Wealth Tax (Impot de Solidarité sur la Fortune or ISF)

Much is talked about wealth tax but there are two key points to remember. Firstly that if you are not resident in France then wealth tax is only chargeable upon the net asset value of your French property, secondly that wealth tax is only charged on the amount by which the net value of that property exceeds 760,000 euros.

Please note that the information provided here is based on 2006 figures, and it is likely that reforms to this tax will increase the threshold at which it becomes payable.
If you are French resident then strictly speaking wealth tax should be declared and paid on all assets and it is paid on that amount over 760,000 euros (2006 figures).