Please address French social charges. As an American, I'm used to Social Security taxes not being charged on income over $168K per year. My understanding is that French social charges 1) have no cap, and 2) aren't protected by the dual taxation treaty (which would mean that an American might have to pay the charges in both countries).
Jake it indeed depends on your situation, your type of income and whether you are registered to the french social security or not. This is a very "grey" topic at the moment to everyone and we've asked an official position to the french tax office a few months ago and we are not waiting for a reply. We'll obviously share what we found once we will get an answer !
Bonjour Géraud. Thank you very much for making this video. We are planning to buy property and retire in France sometime in the next 3 years. Part of our income will be from dividend distributions (and possibly some stock portfolio sales) solely from our Roth IRA retirement account. You mentioned dividends being taxable in France, but is this also true if the dividend distributions come from an IRA retirement account? We will most certainly be in touch with your firm for professional tax service in France! You provide excellent information. Merci!
Good morning, it depends but in your case this income shall be taxable in the US if you are US citizens as well given that both pensions and dividends are taxable in the US for US citizens!
I thought that capital gains taxes on real estate were one of the only times income is double taxed and not protected by the treaty. Am I wrong? Thank you!
@@frenchtaxonline I think so. I saw it on a video so I’m not sure it’s what allows people to own property collectively. Any information that you would have on it would be helpful.
Thank you for adding another piece of the puzzle to the tax mystery. My thinking is that if a US person makes France their residence that they still have to file taxes in the US first, then France--or is it France first? My preference would be to pay France. Because if I can put all my business into a French Micro-Ent, then the combined socials and tax for resale type business looks like an amount that's better than the normal progressive. So then filing in the US second, and using the Foreign Earned Income or the Foreign Tax Credit. Personally I have to decide SOON. The big choice is Cyprus and their 12.5 corp or the fantastic variety of living down south in Aix or Marseille. Thank you again--is it Géraud?
Hello, you'd have to submit a tax return in both france and the US, usually france first and then the US. Yes my name is Géraud and I live near Marseille :)
I really appreciate this video! Many thanks!
Merci beaucoup !
You make something complicated and stressful more easily understood. Thank you for providing this important and needed service.
Thanks for the comment Lenora !
@@frenchtaxonline you are most welcome.
Bonjour! Thank you for the video. We plan on moving to France in the fall, so this video makes us rethink where we buy or rent. Merci!! Dean & Cindy
You are welcome, don't hesitate to come back to us if you have specific questions !
Please address French social charges. As an American, I'm used to Social Security taxes not being charged on income over $168K per year. My understanding is that French social charges 1) have no cap, and 2) aren't protected by the dual taxation treaty (which would mean that an American might have to pay the charges in both countries).
Jake it indeed depends on your situation, your type of income and whether you are registered to the french social security or not. This is a very "grey" topic at the moment to everyone and we've asked an official position to the french tax office a few months ago and we are not waiting for a reply. We'll obviously share what we found once we will get an answer !
Production quality is that of a more established channel. Subscribed. Hope you aren't an elite
Thanks !
Straight after the Olympics!
Bonjour Géraud. Thank you very much for making this video. We are planning to buy property and retire in France sometime in the next 3 years. Part of our income will be from dividend distributions (and possibly some stock portfolio sales) solely from our Roth IRA retirement account. You mentioned dividends being taxable in France, but is this also true if the dividend distributions come from an IRA retirement account? We will most certainly be in touch with your firm for professional tax service in France! You provide excellent information. Merci!
Good morning, it depends but in your case this income shall be taxable in the US if you are US citizens as well given that both pensions and dividends are taxable in the US for US citizens!
@@frenchtaxonline Merci pour l'information!
I thought that capital gains taxes on real estate were one of the only times income is double taxed and not protected by the treaty. Am I wrong? Thank you!
Yes you are CGT on real estate is managed by the tax treaty !
@@frenchtaxonline yay! Happy to be corrected on that.
Would you please address the tax implications of Americans setting up a socialite civil immoblie?
The spelling might not be correct.
@@lenoracooper7729 Good morning ! Do you mean an SCI ? what would you like to know ?
@@frenchtaxonline I think so. I saw it on a video so I’m not sure it’s what allows people to own property collectively.
Any information that you would have on it would be helpful.
Thank you for adding another piece of the puzzle to the tax mystery. My thinking is that if a US person makes France their residence that they still have to file taxes in the US first, then France--or is it France first?
My preference would be to pay France. Because if I can put all my business into a French Micro-Ent, then the combined socials and tax for resale type business looks like an amount that's better than the normal progressive. So then filing in the US second, and using the Foreign Earned Income or the Foreign Tax Credit.
Personally I have to decide SOON. The big choice is Cyprus and their 12.5 corp or the fantastic variety of living down south in Aix or Marseille. Thank you again--is it Géraud?
Hello,
you'd have to submit a tax return in both france and the US, usually france first and then the US.
Yes my name is Géraud and I live near Marseille :)
@@frenchtaxonline Thank you, and I appreciate what you're doing on youtube!
@@BobKnight-mm2ze thanks for the comment!