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Generic Tax Name Capital tax - Solidarity tax on wealth
Tax name in the national language Impôt de solidarité sur la fortune
Tax name in English Solidarity tax on wealth
Member State FR-France
Tax in force since 1989/01/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/03/24
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco

Social security contribution Employers
Legal base

Essentially articles 885 A to 885 Z of the Tax code (Code général des impôts).

Who sets
The tax rate is set by

The tax base is set by

The reliefs are set by



Geographical Scope

The solidarity tax on wealth is levied on all directly or indirectly owned movable or immovable properties located in France or abroad for residents, and only properties located in France for French non-residents.


The solidarity tax on wealth is an annual tax payable by individuals on account of their ownership of personal assets, the net value of which, assessed on 1 January of the year of taxation, exceeds € 1,300,000 (in 2015).

The tax is assessed by household, which comprises spouses, cohabiting partners, partners of a civil solidarity pact (PACS) and minor children whose assets either of them legally administers.

Tax object and basis of assessment

The tax base includes all assets, rights and values belonging to the taxable persons on 1 January of the year of taxation (developed and undeveloped land, sole proprietorships, farms, furniture, financial investments, cars, aircraft, pleasure craft, etc.). The tax base does not include profesional goods, shares held by employees, and works of art.  As a rule, taxable assets are valued according to the rules applicable to inheritance tax (in principle at market value). The value is assessed on Jamuary 1st, of the year of taxation. A 30% relief is applicable to the real market value of the property which the taxpayer owns and occupies as his or her main home.  

Deductions, Allowances, Credits, Exemptions


  • Deductible debts (only those related to taxable goods of the wealth of the taxpayers)


  • Business assets (sole proprietorships effectively managed by the taxpayer, participating interests of at least 25% in the company in which the taxpayer holds a senior managerial position), under certain conditions
  • Woodlands and forests and parts of forestry units, partially and under certain conditions
  • Antiques, art objects or collectors' items
  • Industrial, artistic and intellectual property rights (exemption for their author)
  • Certain rural properties
  • Life annuities acting as retirement pensions
  • Cash benefits or allowances allocated in compensation for damages
  • Shares that the taxpayer has undertaken to keep, shares resulting from subscription of the capital of a small business, shares in certain venture-capital funds
  • Financial investments in France by non-residents (with exceptions )

Tax rebates

  • for investment in smal business companies
  • for gift to general interest organizations
Rate(s) Structure

2015: tax brackets for the net taxable worth W

• Less than € 800,000 of wealth: 0

• Between € 800,000 and € 1,300,000 of wealth: 0.5% x W - 4000

• Between € 1,300,000 and € 2,570,000 of wealth: 0.7% x W -6600

• Between € 2,570,000 and € 5,000,000 of wealth: 1% x W - 14310

• Between € 5,000,000 and € 10,000,000 of wealth: 1.25% x W - 26810

• Over € 10,000,000 of wealth: 1.5% x W -51810

A “smoothing” mechanism has been introduced for assets worth between € 1,300,000 and € 1,400,000. The tax cut is equal to € 17,500 - 1.25 % P, where P is the net taxable value of the assets.

Besides, for taxpayers domiciled in France for tax purposes, the wealth tax is reduced, without possibility of refund, by the difference between principally :

1) the sum of this tax (2015) and the taxes owed in France and abroad on the revenues and products of the former year (2014 revenues) ;

2) 75% of the sum in 2014 of their worldwide income, their revenues exonerated from income tax and products subject to withholding taxes.

Tax due date

If the net taxable wealth is betwwen € 1,300,000 and € 2,570,000 the taxpayers declare the solidarity tax on wealth with their income tax return. They had to pay by 15th September 2015.

If the net taxable wealth is over € 2,570,000, the solidarity tax on wealth has to be paid at the same time of its declaration, by latest 15 June in 2015 for french residents (15 July otherwise). 

Tax collector

Public finances general directorate (« direction générale des finances publiques »).

Special features


Economic function

Environmental taxes

Tax revenue
ESA95 code d59ab

Annual tax revenue (millions)
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 5,030.00 EUR 0.24
2011 4,305.00 EUR 0.21
2010 4,461.00 EUR 0.22
2009 3,580.00 EUR 0.18
2008 4,155.00 EUR 0.21
2007 4,390.00 EUR 0.23
2006 3,658.00 EUR 0.20
2005 3,023.00 EUR 0.17
2004 2,554.00 EUR 0.15
2003 2,315.00 EUR 0.14
2002 2,442.00 EUR 0.15
2001 2,645.00 EUR 0.17
2000 2,419.00 EUR 0.16