French wealth tax restricted to real estate
French residents no longer have to pay a wealth tax on savings and investment income, after sweeping tax reforms came into effect limiting it to real estate.
What does this mean for Expats. These recent changes are on the whole positive with significant tax cuts for investment assets and income.
However, without sound financial planning advice France remains a complex and potentially costly jurisdiction for expats to reside.
In September 2017, the French Government announced that a number of tax reforms, including significant tax cuts for investment assets and income, would come into effect in 2018.