France's deadline for new wealth tax extended

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Declarations for new property-based impôt sur la fortune immobilière (IFI) tax had been due at midnight on Thursday, May 17

The deadline for new wealth tax declarations has been extended nearly a month, the government has announced.

Declarations for new property-based impôt sur la fortune immobilière (IFI) tax had been due at midnight on Thursday, May 17, but tax authorities confirmed in a statement the day before the deadline that no penalties for late returns will apply to declarations filed before the new deadline of June 15, 2018.

Taxpayers who have filed already will be able to submit amended returns before June 15 without penalties.

The IFI tax, on which only wealth derived through property is liable, has replaced the impôt de solidarité sur la fortune (ISF), which was payable on all forms of wealth above €1.3million.

Anyone who needs help with their wealth tax declaration can order the The Connexion's Property Wealth Tax helpguide here

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