No income tax to pay below 27,532 euros?

PatF
Posts: 1082
Joined: Sat Mar 03, 2018 10:54 pm
Has thanked: 172 times
Been thanked: 154 times

Re: No income tax to pay below 27,532 euros?

Post by PatF » Thu May 10, 2018 6:41 pm

I think there's an age allowance too.
Plus various allowances for UK-derived income.

Nomoss
Has thanked: 0
Been thanked: 0

Re: No income tax to pay below 27,532 euros?

Post by Nomoss » Thu May 10, 2018 7:38 pm

PatF wrote:
Thu May 10, 2018 6:41 pm
I think there's an age allowance too.
Plus various allowances for UK-derived income.
They are mentioned here https://www.french-property.com/guides/ ... llowances/

Near the bottom of section 5.3.2, but I think some of the figures are wrong, not changed since last year.

Pale Ale
Posts: 19
Joined: Tue May 08, 2018 1:20 pm
Has thanked: 11 times
Been thanked: 5 times

Re: No income tax to pay below 27,532 euros?

Post by Pale Ale » Thu May 10, 2018 8:34 pm

Well if the tax man is happy with the calculation, then so am I. Thanks for all the posts. Tom that is a very useful simulator, and as Nomoss posted all is explained below the workings of the calculation. I saw something mentioned about a flat tax for next year on investment income, and the need to opt out if you do not want to be taxed that way, just more hassle to deal with for next year I guess.

Maricopa
Has thanked: 0
Been thanked: 0

Re: No income tax to pay below 27,532 euros?

Post by Maricopa » Thu May 10, 2018 8:38 pm

bubbles1 wrote:
Thu May 10, 2018 5:37 pm
I still paper declare but my understanding is that if you declare on line it automatically calculates you liability,
Unfortunately, only if you have "uncomplicated" income, otherwise you have to wait for the avis.

User avatar
bubbles1
Posts: 2562
Joined: Thu Mar 01, 2018 9:34 pm
Location: Dept 24
Has thanked: 414 times
Been thanked: 327 times

Re: No income tax to pay below 27,532 euros?

Post by bubbles1 » Thu May 10, 2018 9:47 pm

Maricopa wrote:
Thu May 10, 2018 8:38 pm
bubbles1 wrote:
Thu May 10, 2018 5:37 pm
I still paper declare but my understanding is that if you declare on line it automatically calculates you liability,
Unfortunately, only if you have "uncomplicated" income, otherwise you have to wait for the avis.
Oh right - thanks for that - mine is very uncomplicated LOL
WE CAN ALL SEE THE STARS BUT ONLY SOME OF US SEE THE LIGHT :good:

Le Démerdeur
Posts: 6149
Joined: Thu Mar 01, 2018 11:22 pm
Location: Picardie and occasionally Sussex
Has thanked: 827 times
Been thanked: 759 times

Re: No income tax to pay below 27,532 euros?

Post by Le Démerdeur » Thu May 10, 2018 11:05 pm

This for me is the only simulateur to use:

https://www3.impots.gouv.fr/simulateur/ ... /index.htm

parsnips
Posts: 43
Joined: Fri Mar 02, 2018 11:13 am
Has thanked: 7 times
Been thanked: 23 times

Re: No income tax to pay below 27,532 euros?

Post by parsnips » Sat May 12, 2018 7:20 pm

Hi,
This figure is also published in "Le Particulier" magazine , and they say it takes into account all the various income based abattements , including the decote : I am sure it is a very complex calculation ,and I don't intend to waste time trying to work it out -I'll take their word for it.

User avatar
bubbles1
Posts: 2562
Joined: Thu Mar 01, 2018 9:34 pm
Location: Dept 24
Has thanked: 414 times
Been thanked: 327 times

Re: No income tax to pay below 27,532 euros?

Post by bubbles1 » Sat May 12, 2018 7:39 pm

Mine is simple and the calculation is complicated enough - equations - I never got the hang of them. See what happens and then go and sort it if you dont agree is my advice - meanwhile kickback and relax for the 8-) summer
WE CAN ALL SEE THE STARS BUT ONLY SOME OF US SEE THE LIGHT :good:

elsie
Posts: 442
Joined: Fri Mar 02, 2018 8:47 pm
Has thanked: 3 times
Been thanked: 68 times

Re: No income tax to pay below 27,532 euros?

Post by elsie » Mon May 14, 2018 5:29 pm

Chancer wrote:
Thu May 10, 2018 11:05 pm
This for me is the only simulateur to use:

https://www3.impots.gouv.fr/simulateur/ ... /index.htm
Unfortunately that simulator does not work for those with various foreign government pensions, etc. e.g .1AL/1BL on 2042 There are possibly other foreign income cases which cause it to fail.

Le Démerdeur
Posts: 6149
Joined: Thu Mar 01, 2018 11:22 pm
Location: Picardie and occasionally Sussex
Has thanked: 827 times
Been thanked: 759 times

Re: No income tax to pay below 27,532 euros?

Post by Le Démerdeur » Mon May 14, 2018 8:38 pm

Yes it falls over when I enter an amount under 8T1 but in that case I know it does not affect the tax that I dont pay or the social charges that I do and its not enough to change my tax band so the simulation without it has been spot on so far.

Post Reply