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Overview of certain taxes in France
It is probable that, upon acquiring real property in France, you will come across (and have to pay) one or more of the following taxes.
Taxe d'habitation
This is a local tax payable by the occupier of real property in France and it is due even if the property is a second residence and your presence there is limited to certain periods each year.
Taxe Foncière
This is a separate local tax and might best be described as a land tax. It is payable by the owner of property situated in France.
If you own and occupy, however briefly each year, property in France you will pay both.
TVA or Taxe sur la Valeur Ajoutée
This is of course the French equivalent of VAT or Value Added Tax in other EU member states and the French standard rate is 19.6%.
There are lower rates which are applied in a limited number of sectors, for example take-away food (5.5%).
IRPP or Impôt sur le Revenu des Personnes Physiques
IRPP is French personal income tax and if you have earnings in France these must be declared to the French tax authorities e.g. income from the rental of your property, fees and honoraria for work carried out by you even if the clients are not in France.
France has a self-assessment system and the onus is upon you to make the required declarations. Moreover, if you are employed, your employer is not responsible for deducting income tax at source but you are responsible for communicating the information to the French tax man.
Impôt sur les fortunes
This is a French wealth tax and it is payable by individuals whose net assets are over 720 000 Euros.
For further information relating to French Tax, please click here 
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