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Podcast: Offshore Tax with HTJ.tax
Episode: IFI Mitigation for US Property Owners
Description: For individuals moving to France with rental propertiesâwhether located in the U.S. or elsewhereâunderstanding how ImpĂ´t sur la Fortune Immobilière (IFI) applies is essential. In certain circumstances, real estate used in a qualifying professional activity may fall outside the IFI tax base.One potential pathway arises through the Loueur en MeublĂŠ Professionnel (LMP) regime.đ What Is LMP Status?Under French tax law, individuals engaged in professional furnished rental activity may qualify as Loueur en MeublĂŠ Professionnel (LMP).This status depends on several criteria relating to:⢠The lev...