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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (255852)	2/2/2008 2:02:29 PM
From: c.hinton	Read Replies (1) \| Respond to of 281500

ITs taxed that way to promote long term investments over short term. re france....Individuals resident in France for tax purposes are liable to the "Impôt de Solidarité sur la Fortune" or "ISF" - French Wealth Tax when the value of their net worldwide assets exceeds € 732 000. The sliding scale varies from 0.55% to 1.80% of the net taxable amount. Individuals not resident in France for tax purposes are taxed on their French properties when the net value exceeds € 732 000. Exceptions are applied regarding citizenship and/or the existence of a tax treaty between France and the country of origin. The Wealth Tax return must be filed by 15th June and the tax is payable with the return