Overview
- Lawmakers voted on October 31 to convert the property-based IFI into an “impôt sur la fortune improductive” covering a wider range of assets.
- In addition to real estate, the taxable base would include valuables and certain financial holdings such as art, cars, yachts, planes, cryptocurrencies, cash and financial placements not invested in companies or life-insurance products.
- The reform maintains the €1.3 million payment threshold and replaces the progressive IFI scale with a single 1% rate.
- Exemptions include professional assets and unit-linked life-insurance policies, and a primary or sole residence would be exempt up to €1 million.
- The vote passed through an unusual alliance of RN, PS, MoDem and Liot deputies, revenue expectations remain contested, and the text could still be amended in the Senate or a mixed committee.