THE KNOWLEDGE
Income from rental properties – furnished or unfurnished – must be declared
FIND OUT MORE Read our guides to living in France on
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complete picture by using the online simulator on the
gouv.fr site (
impots.gouv.fr/ simulateurs), but before you can do that, you will need to know what you must declare. Salaries and income from
any form of employment is a good starting point. If you are paid overtime, you will need to declare this, even if €7,500 of it is not taxable. If you receive tips (pourboires) you will also need to declare them even if, again, they are not usually taxable. Any benefits in-kind such as housing, meals, a company car or equipment such as a computer or telephone that are provided by the employer should be declared, as should any personal expenses benefits. If you have children, some
grants or bourses (usually not the means-tested ones) may need to be declared. Any financial benefits you have received as a result of an employment contract ending, whether unexpectedly – indemnités de rupture de contrat de travail (usually compensation/holiday pay etc) – or indemnités de fin de contrat ou de mission (such as the prime de précarité paid at the end of a
by parents who have separated. These are known as pension alimentaire and are taxable. Pensions alimentaires, which
All savings income must be declared – though some plans are tax free
CDD (contrat durée déterminée)) or short-term contract, are usually taxable. However, the equivalent of
redundancy pay (indemnités de licenciement) is in some cases entirely tax free. Pre-retirement payments (indemnité de départ en retraite ou en préretraite) are taxable; however, again in certain cases, a partial or total exoneration is possible.
PENSION INCOME All pension income needs to be declared. In France, all kinds of allowances are referred to as pensions. This includes retirement pensions (pensions de retraite) as well as any kind of invalidity allowance (pension d’invalidité) and child maintenance payments made
are paid by adult children to parents or grandparents, perhaps to pay nursing home fees, must also be declared but may be tax exempt for those on lower incomes. They are also a tax-deductible expense for the person paying them. If you are retired and receive
a rente viagère, you will need to declare this whether it comes from a property transaction or a produit d’épargne retraite, which is akin to an annuity.
SAVINGS & INVESTMENT All savings income must be declared. Some savings plans, such as the Livret A, livret de développement durable etc, are tax free. There are numerous savings plans – assurance-vie, various retirement savings plans, share-saving plans – and all of these attract different tax bands. Income and dividends from stocks and shares must also be declared along with any capital gains from property transactions. You will also need to declare income from rental properties, whether furnished or unfurnished (meublée ou
non-meublée), and any profit made on the sale of shares. The list of income streams to
be declared is mind numbing but the government website has an easy-to-use ‘savings selection’ guide (service-public. fr/particuliers/vosdroits/F2613). And last but definitely not
least, make sure you complete the section listing any overseas bank accounts held; this is really important, failure to do so can attract a hefty fine. Good luck and happy form filling! ■
Top tip
If you’re making your first declaration and haven’t received any login details,
you can call a tax information hotline on 0809 401 401. The service is open from Monday to Friday, 8:30am to 7pm, excluding public holidays, and will be able to supply you with login credentials.
NEXT MONTH Guide to: Apéro
etiquette and local fêtes FRENCH PROPERTY NEWS: March/April 2024 89
© SHUTTERSTOCK
© SHUTTERSTOCK
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