Chapter IIa: Property wealth tax

1. The rate of the tax is set at: Fraction of the net taxable value of the assets Applicable rate (as a percentage) Not exceeding €800,000 0 Greater than €800,000 and less than or equal to €1,300,000 0.50 Greater than €1,300,000 and less than or equal to €2,570,000 0.70 Greater than €2,570,000 and less than or equal to €5,000,000 1 Greater than €5,000,000 and less than or equal to €10,000,000…

I.-The taxpayer may deduct from the tax on real estate wealth, up to a limit of €50,000, 75% of the amount of cash donations and full ownership donations of company securities admitted to trading on a French or foreign regulated market made to the benefit of: 1° Public or private, non-profit, general interest research, higher education or artistic education establishments and consular higher education establishments mentioned in Article L. 711-17…

I.-The real estate wealth tax of a taxpayer whose tax residence is in France is reduced by the difference between, on the one hand, the total of this tax and the taxes due in France and abroad in respect of income and proceeds for the previous year, calculated before deducting only tax credits representing tax paid abroad and non-dischargeable deductions and, on the other hand, 75% of total worldwide income…

The amount of taxes whose characteristics are similar to those of the real estate wealth tax paid, where applicable, outside France is deductible from the tax payable in France. This deduction is limited to the tax on real estate wealth paid in respect of property and real estate rights located outside France or on the value of the shares defined in 2° of article 965 representative of these same assets.