{"id":6894,"date":"2026-10-23T14:00:20","date_gmt":"2026-10-23T12:00:20","guid":{"rendered":"https:\/\/balmontconseil.com\/blog\/ifi-du-non-resident-calcul-dettes-et-parts-de-sci-ou-scpi\/"},"modified":"2026-10-23T14:00:20","modified_gmt":"2026-10-23T12:00:20","slug":"ifi-du-non-resident-calcul-dettes-et-parts-de-sci-ou-scpi","status":"publish","type":"post","link":"https:\/\/balmontconseil.com\/en\/blog\/ifi-du-non-resident-calcul-dettes-et-parts-de-sci-ou-scpi\/","title":{"rendered":"Does a non-resident pay the French wealth tax (IFI)? Threshold, tax brackets, deductible debts, real estate investment companies (SCI and SCPI)."},"content":{"rendered":"
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In summary\u2026<\/h2>\n

Yes: a non-resident pays the French real estate wealth tax (IFI) only on their real estate assets located in France, as soon as their net value exceeds \u20ac1,300,000. However, the tax brackets start at \u20ac800,000, which means that beyond this threshold, the portion between \u20ac800,000 and \u20ac1,300,000 is also taxed.<\/p>\n

Our position: what lowers the IFI of a non-resident is the well-documented debts on January 1st and the correct reading of the shares of SCI (French property holding company) and SCPI (real estate investment civil society), not the nationality or the address.<\/p>\n<\/div>\n

\u00abI live in Singapore, my apartment in Lyon is worth a little over \u20ac1.3 million with my SCPI shares, and my bank is telling me I have to declare it.\u00bb The question from a non-resident owner rarely concerns the principle itself, which is already addressed in\u2026 our article on taxable assets and the threshold<\/a>, But regarding net worth: what do we count, what do we deduct, what do we not count?<\/p>\n

1. The threshold, the scale and the discount<\/strong><\/h2>\n

The entry threshold is \u20ac1,300,000, the scale starts at \u20ac800,000<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n
Portion of taxable net worth<\/th>\nRate<\/th>\n<\/tr>\n<\/thead>\n
Up to \u20ac800,000<\/td>\n0%<\/td>\n<\/tr>\n
From \u20ac800,000 to \u20ac1,300,000<\/td>\n0.50%<\/td>\n<\/tr>\n
From \u20ac1,300,000 to \u20ac2,570,000<\/td>\n0.70%<\/td>\n<\/tr>\n
From \u20ac2,570,000 to \u20ac5,000,000<\/td>\n1%<\/td>\n<\/tr>\n
From \u20ac5,000,000 to \u20ac10,000,000<\/td>\n1.25%<\/td>\n<\/tr>\n
Over \u20ac10,000,000<\/td>\n1.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The threshold is assessed on the net taxable real estate assets as of January 1st: below \u20ac1,300,000, no tax is due; above that, the tax scale applies from \u20ac800,000. Between \u20ac1,300,000 and \u20ac1,400,000, a discount mitigates the effect of the threshold: it is calculated as \u20ac17,500 minus 1.25 times the net taxable value. Net assets of \u20ac1,350,000 thus pay \u20ac2,850 gross, less a \u20ac625 discount, or \u20ac2,225.<\/p>\n

2. What is counted, and what is not<\/strong><\/h2>\n

Assets located in France, either directly or through shares<\/strong><\/h3>\n

Non-residents are taxed only on their real estate assets and rights located in France. Shares in SCIs, SCPIs, and other companies or organizations are taxed only in proportion to the fraction representing real estate located in France, by applying a coefficient to their value. Assurance-vie or unit-linked capitalization contracts are taxed in proportion to the real estate units (see Assurance-vie and IFI<\/a>).<\/p>\n