The Wealth Tax, in French Impôt de Solidarité sur la Fortune (I.S.F.), has been replaced at the 1st of January 2018 by the Impôt sur la Fortune Immobilière (I.F.I.) which has been limited to the real estate property (owned directly or through companies) and which is largely inspired by the I.S.F.’s rules excepting, in particular, the following two major new rules :

Putting a stop to the in fine loans’ never-ending and full deductibility

Under I.S.F. rules, in fine loans could be deductible in full, each year, provided that they met certain criteria regarding their purpose, timing, formalism and modalities. In other words, when complying with the above mentioned conditions, the full amount of unpaid capital could be offset each year against the taxable French (deemed) assets value.

The new rule, which has been codified in the article 974 II of Code Général des Impôts, has introduced an amortization element in the loan, so that the deductible amount will reduce annually taking into account the years passed since the initial subscription of the loan compared to the entire loan period.

Example : on 2018, a client subscribes a 5MEuros in fine loan, for 5 years duration, which fulfils all I.F.I. deductibility criteria. Each year, the percentage of deductibility of the loan will decrease by 100/5 = 20% of the initial amount lent, which is 1ME less each year. Therefore, on 2019, the client could offset 4ME only (i.e. 80% of the amount lent), 60% on 2020 (3ME), 40% on 2021 (2ME), 20% on 2022 (1ME) and, starting from 2023, no further deduction will be allowed regarding this loan.

Loans’ deductibility capped for high value taxable assets.

Under previous I.S.F. rules and provided that they meet the above mentioned criteria, the loan’s capital could be deductible in full.

The New rule, which is codified in the article 974 III of Code Général des Impôts, has introduced the following limitation in the loan’s capital deductibility: when the market value of French real estate/shares of real estate Company exceeds 5ME and the deductible debts exceed 60% of such market value, such debt’s excess will be deductible only to the extent of 50%.

Example: a client purchases a French property for 10ME on 2018, fully financed by a loan of 10ME. The amount of the debt up to 60% of the property’s market value (i.e. 6ME) is fully deductible, while the  amount of the debt exceeding 60% of the property’s market value (i.e. 4ME) is only deductible for 50% (i.e. 2ME). The loan’s capital deductibility is therefore capped to 6 + 2 = 8ME.

Sale - Villa - Mougins
Sea view

Reference : 3468 - 9 900 000 €
surface
terrain Land area : 2213 m²
chambres Bedrooms : 5
sdb Bathrooms : 5

At walking distance of the village - Panoramic sea view

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Sale - Villa - La Croix-Valmer
Brand new villa

Reference : 8444 - Price : Price upon request
surface Living area : 802 m²
terrain Land area : 31066 m²
chambres Bedrooms : 11
sdb Bathrooms : 10

Exceptional newly built property - 3 hectares - Sea view

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Sale - Villa - Agay
Waterfront

Reference : 8138 - 9 500 000 €
surface Living area : 434 m²
terrain Land area : 5128 m²
chambres Bedrooms : 6
sdb Bathrooms : 6

Contemporary property waterfront

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Sale - Villa - Ramatuelle
Contemporary villa

Reference : 8368 - Price : Price upon request
surface Living area : 350 m²
terrain Land area : 2235 m²
chambres Bedrooms : 6
sdb Bathrooms : 6

Contemporary villa 5 minutes walk from Club 55 and the beach

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Sale - Villa - Valbonne
Family property

Reference : 5105 - 5 250 000 €
surface Living area : 370 m²
terrain Land area : 24118 m²
chambres Bedrooms : 7
sdb Bathrooms : 4

Valbonne - Exceptional property

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Sale - Villa - Saint-Tropez
Brand new villa

Reference : 8399 - Price : Price upon request
surface Living area : 675 m²
terrain Land area : 5010 m²
chambres Bedrooms : 8
sdb Bathrooms : 8

Luxurious modern property - Closed Estate - Large volumes

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Sale - Villa - Villefranche-sur-Mer
Panoramic View

Reference : 9402 - 5 800 000 €
surface Living area : 250 m²
terrain Land area : 1600 m²
chambres Bedrooms : 4
sdb Bathrooms : 4

Splendid villa with panoramic sea view

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Sale - Villa - Mougins
Contemporary villa

Reference : 3374 - Price : Price upon request
surface Living area : 1200 m²
terrain Land area : 7583 m²
chambres Bedrooms : 9
sdb Bathrooms : 10

Stunning property

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Sale - Villa - Mougins
Closed estate

Reference : 3461 - 5 600 000 €
surface Living area : 500 m²
terrain Land area : 2300 m²
chambres Bedrooms : 5
sdb Bathrooms : 5

Mougins - Residential area

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Sale - Apartment - Cannes
Exceptional property

Reference : 12573 - 15 000 000 €
surface Living area : 601 m²
terrasse Terrace : 820 m²
chambres Bedrooms : 7
sdb Bathrooms : 7

2 exceptional appartments in Cannes

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Sale - Villa - Ramatuelle
Near sea side

Reference : 8713 - 5 800 000 €
surface Living area : 288 m²
terrain Land area : 3200 m²
chambres Bedrooms : 6
sdb Bathrooms : 5

family house on the Pampelonne's beaches

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Sale - Villa - Saint-Tropez
Walking distance to the village

Reference : 8502 - 9 900 000 €
surface Living area : 400 m²
terrain Land area : 869 m²
chambres Bedrooms : 7
sdb Bathrooms : 7

An elegant property in a few dozen meters from the port of Saint-Tropez

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Sale - Villa - Théoule-sur-Mer
Waterfront

Reference : 8141 - 38 000 000 €
surface Living area : 956 m²
terrain Land area : 12421 m²
chambres Bedrooms : 10
sdb Bathrooms : 17

Exceptional waterfront property

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Sale - Apartment - Cannes
Californie

Reference : 12242 - 5 500 000 €
surface Living area : 227 m²
terrasse Terrace : 296 m²
chambres Bedrooms : 3
sdb Bathrooms : 2

SOLE AGENT: BAHAMAS. 227sqm.

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Sale - Villa - Cap d'Antibes
Panoramic View

Reference : 7086 - 15 000 000 €
surface Living area : 540 m²
terrain Land area : 1700 m²
chambres Bedrooms : 6
sdb Bathrooms : 6

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Sale - Villa - Biot
Exceptional property

Reference : 6052 - Price : Price upon request
surface Living area : 1590 m²
terrain Land area : 20000 m²
chambres Bedrooms : 13
sdb Bathrooms : 10

Exceptional property in prestigious domain

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Sale - Villa - Saint-Tropez
La Moutte

Reference : 8588 - 12 000 000 €
surface Living area : 450 m²
terrain Land area : 6620 m²
chambres Bedrooms : 7
sdb Bathrooms : 7

Dream Location for this property

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Sale - Villa - Cannes
Sea view

Reference : 1500 - 16 000 000 €
surface Living area : 545 m²
terrain Land area : 6269 m²
chambres Bedrooms : 8
sdb Bathrooms : 9

Exclusive location for this family home

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Sale - Villa - Mougins
Closed estate

Reference : 3969 - 5 900 000 €
surface Living area : 416 m²
terrain Land area : 2614 m²
chambres Bedrooms : 5
sdb Bathrooms : 4

Beautiful renovated Provencal villa with sea and village view

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Sale - Villa - Ramatuelle

Reference : 8706 - 23 000 000 €
surface Living area : 500 m²
terrain Land area : 9692 m²
chambres Bedrooms : 7
sdb Bathrooms : 7

A large property with sea view

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Sale - Apartment - Villefranche-sur-Mer

Reference : 9A002 - 3 200 000 €
surface Living area : 250 m²
terrasse Terrace : 120 m²
chambres
sdb

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Sale - Villa - Le Cannet
Contemporary villa

Reference : 1567 - 17 000 000 €
surface
terrain Land area : 3200 m²
chambres Bedrooms : 7
sdb Bathrooms : 8

Sumptuous modern villa with panoramic sea view

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Sale - Villa - Cannes
Super Cannes

Reference : 2206 - Price : Price upon request
surface Living area : 600 m²
terrain
chambres Bedrooms : 6
sdb Bathrooms : 3

In a beautiful area of Super Cannes, splendid villa of a living surface of approx. 600 sqm with a panoramic sea view

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Sale - Villa - Cap d'Antibes

Reference : 7160 - Price : Price upon request
surface Living area : 480 m²
terrain Land area : 1895 m²
chambres Bedrooms : 6
sdb Bathrooms : 6

Magnificent newly built contemporary villa

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