2024-05-05 07:10:57
“It is up to the tax authorities to reveal their game first since it is they who triggered the request for information,” recalls Me Karen Berdugo, tax lawyer. Goran – stock.adobe.com
OUR ADVICES – Putting too much emotion into a response addressed to the tax administration who suspects an undervaluation of your real estate assets can sometimes turn against you.
The IFI (Real estate wealth tax) brought in 2.1 billion euros in 2022 – almost half of what the ISF (Wealth tax) brought in when it was abolished in 2017 – but only 2 % of the 164,000 taxpayers (3,280 households) were inspected that year, according to the Court of Auditors. Upon arrival, around 100 million additional euros filled the state coffers. The equivalent of the tax on vacant housing which does not have the same symbolic significance as the IFI whose declaration takes place at the same time as that of income (at the latest between May 23 and June 6 depending on the location of the main residence, Editor’s note). In any case, it is not this small inflow of money which risks restoring France’s public finances.
To remedy this, the Court of Auditors advises the tax administration to strengthen its controls using artificial intelligence, as for undeclared swimming pools. The tax authorities will also be able to count onTwitter), Facebook, Instagram or Tiktok to track down fraudsters. «The 2024 finance law authorizes the administration to use photos posted on social networks as evidence but also to create false accounts to communicate with suspects and extract information from them.», Warns Me Jean-Pascal Michaud, lawyer specializing in tax law. “With influencers who do not hesitate to show off their villas on social networks, controls risk increasingadds Me Karen Berdugo, tax lawyer. The gap between their dazzling wealth and ignorance of tax mechanisms is striking among them!»
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#talkative #IRS #cost