Supporting Paris Brain Institute means providing direct support for research and participating in a great scientific and human adventure to defeat brain and spinal cord diseases tomorrow.
If you are subject to the Capital Real Estate Tax (IFI), you can take advantage of a favourable tax deduction by donating to Paris Brain Institute. 75% of the amount of your donation is deductible from your IFI, within the annual limit of 50 000 € deducted, i.e. a maximum donation of 66 667€.
Your IFI donation enables researchers at Paris Brain Institute to accelerate discoveries against diseases of the nervous system for the direct benefit of patients and their families.
What to remember about your IFI donation
- The Capital Property Tax applies to tax households whose taxable net real estate assets on 1 January are worth 1.3 million euros or more.
- The fact that the Solidarity Tax on Fortune (ISF) became the IFI in 2018 does not change the benefits of giving.
- The IFI tax reduction is always 75% of the amount of your donation to Paris Brain Institute, within the limit of 50,000 € deducted per year. For example, a donation of €5,000 actually costs you €1,250 after deduction.
- With the implementation of the IFI, the reporting deadline no longer depends on the amount of taxable wealth: regardless of the amount of taxable IFI wealth, the taxpayer must file the IFI return with his or her income tax return.
- In order to be deducted from the IFI, donations must reach Paris Brain Institute before the income tax filing deadline (usually between May and June of each year).
- The exact reporting dates are made public each year during March or early April. This calendar, once published, allows you to know the exact date concerning you, depending on your residence department.
- In anticipation of this official release, you will find estimated dates.
Donate to the Brain Institute
If you are liable for Real Estate Tax, 75% of the amount of your donation to Paris Brain Institute can be deducted from your tax, up to the limit of 50,000 € deducted per year.
Please note that in order to qualify for the current year IFI deduction, your donation must be made before the reporting deadline (see last known schedule).
Examples of tax deductions on your IFI:
Your Gift to the Paris Brain Institute | IFI Reduction | Your donation goes to |
500 € | 375 € | 125 € |
800 € | 600 € | 200 € |
2 000 € | 1 500 € | 500 € |
5 000 € | 3 750 € | 1 250 € |
10 000 €* | 7 500 € | 2 500 € |
20 000 € | 15 000 € | 5 000 € |
* From this amount renewed each year, you become a member of the Circle of Friends of Paris Brain Institute which unites a community of more than 300 major donors who commit their philanthropic strength to the benefit of millions of patients affected by a nervous system disease. For more information, visit the Friends Circle page.
Be aware that you can make a donation that will reduce your IFI to zero. To know the amount of this donation, simply divide the amount of your IFI due by 0.75, for example:
The amount of your IFI due is 2500€
By donating 3,333€ (=2,500/0.75) to the researchers of Paris Brain Institute, you will deduct 2,500€ from your tax.
>> Your remaining IFI after deduction will be €0
How to make an IFI donation to the Brain Institute ?
There are several options available to you to make your IFI donation and benefit from your tax reduction. You can make your donation:
Donate IFI Online
On our secure online donation form. Several payment methods are at your disposal: Mastercard, Amex, Visa, Paypal, etc. You will receive your tax receipt by email within 4 hours of your donation.
Donate IFI by instantaneous transfer on our donation form
You can make your IFI donation by instantaneous transfer directly to our online donation form. Once the amount of the donation and your contact details have been entered on the form, by clicking on the "Instant Transfer" payment method, you will access your banking application which will allow you to validate your donation in a few seconds. Your tax receipt will also be sent to you by email within 4 hours.
Make a donation IFI by bank transfer
You can make your IFI donation using the Bank Identity Statement (BIS) of Paris Brain Institute available below. We thank you in advance for making sure that you title the transfer as "Don ICM – Your name/name of the account holder", and to contact our donors service (on +33 01 57 27 47 56 or by email contact@icm-institute.org) to provide us with the corresponding tax address. This information is essential for the correct editing of your tax receipt.
Download the GIR from Paris Brain Institute
Donate IFI by cheque
You can make a IFI donation by writing your cheque payable to Paris Brain Institute to be sent to:
Service des dons,
Institut du Cerveau
Hôpital Pitié-Salpêtrière
CS 21414
75646 Paris Cedex 13
France
Deadlines for your IFI donation
You have until the due date of your IFI and therefore your tax return to send us your donation.
Find the 2023 income tax and wealth return dates
As mentioned above, you can send us your IFI donation: online, by instantaneous transfer, by classical transfer or by cheque.
The date taken into account differs depending on the method of payment:
- Online: the donation validation date on the donation form.
- Instant or traditional transfer: the credit date of Paris Brain Institute account. Be careful to take into account bank delays of 2 to 3 working days.
- Cheque: the date of dispatch (postmark).
You are not liable for the IFI?
Make sense of your income tax by supporting research at Paris Brain Institute Against Nervous System Diseases. Your donation is deductible at 66% of income tax, up to a limit of 20% of your net taxable income (which corresponds to a donation limit of 10,000 euros for a net taxable income of 50,000 euros). If your donation exceeds this threshold, you have the option of deferring the excess for 5 years.
Examples of tax deductions on your income tax:
Your Gift to the Paris Brain Institute | IT Reduction | Your donation goes to |
500 € | 330 € | 170 € |
800 € | 528 € | 272 € |
2 000 € | 1 320 € | 680 € |
5 000 € | 3 300 € | 1 700 € |
10 000 €* | 7 500 € | 2 500 € |
20 000 € | 15 000 € | 5 000 € |
Your IFI Questions
Are you wondering about your Capital Property Tax (IFI)? This page provides answers to frequently asked questions about the IFI Tax
All natural persons with net real estate assets of more than EUR 1.3 million on 1 January must make an IFI declaration.
The IFI return takes into account the immovable property held by all persons in the tax household (for example, spouses and dependent children).
The IFI tax household is composed of one of the following two ways:
- A person living alone, whether single, widowed, divorced or separated
- Two persons living in a couple (marriage, partnership or common-law partnership)
In all cases, the assets of minor children are taken into account when calculating the IFI amount of the parents or their legal administrator. For adult children, the IFI tax shelter may be different from the Income Tax shelter. Children who have reached the age of majority and whose net taxable assets exceed EUR 1.3 million may be attached to their parents’ tax home for their tax return. However, they will have to declare their IFIs independently.
If the tax household reports taxable net real estate assets of more than 1.3 million euros on 1 January, the persons making up the tax household are then liable to tax on the capital property. As a declaratory tax, taxable persons must file an IFI declaration in their own name via Annex 2042-IFI.
If the IFI trigger point is EUR 1.3 million, the scale applies from the point in time between EUR 800 000 and EUR 1.3 million of net assets.
The value taken into account in the IFI calculation is the taxable net value, i.e. the value of the property minus the related debts.
You are liable for the IFI if your taxable net assets exceed the tax threshold of €1.3 million. Your IFI will then be calculated according to the following graduated scale:
Taxable net wealth rate:
- between 0 and 800,000 €: 0%
- between €800,000 and €1,300,000: 0.5%
- between € 1 300 000 and € 2 570 000: 0.7%
- between € 2 570 000 and € 5 000 000: 1%
- between € 5 000 000 and € 10 000 000: 1.25%
- over €10,000,000: 1.5%
Important: the IFI tax threshold corresponds to a taxable net worth of €1.3 million. However, when you are taxable at the IFI, the calculation starts at €800,000. Prior to this amount, the applicable tax rate is zero.
For taxable net assets between € 1 300 000 and € 1 400 000, a tax-mitigating haircut system is applied. The amount of this reduction is € 17 500– (1.25 x the amount of net taxable assets).
No matter how much you own, you can reduce your IFI by making a donation to Paris Brain Institute. 75% of your donation will be deducted within the overall annual limit of 50,000€.
This reduction in your IFI applies to payments made before your income tax return is due.
In reporting its IFI, several elements need to be taken into account. The IFI is a declaratory tax. The persons liable must make an estimate of their assets each year.
Only natural persons with real estate whose net taxable value is strictly above the tax threshold of 1,300,000 € on 1 January are required to make their IFI declaration. The IFI’s reporting requirements are the same for all debtors.
If you are a French resident (or have a tax obligation in France), you will be able to declare your IFI online at the same time as your income by checking the box dedicated in the tax return form.
Important: since 2019, online filing is mandatory for all taxpayers whose principal residence is equipped with Internet access, regardless of their benchmark tax income.
If you do not have access to the Internet, you are not subject to this obligation and can declare your IFI using the paper form. If you declared your IFI in the previous year, you will receive a Form 2042-IFI at home. You will then have to return your paper return to your managing department.
Your IFI return is due at the same time and within the same time as your income tax return. All persons whose home is connected to the Internet must make their declaration online.
In order to benefit from a tax deduction of 75% of the amount of your donation within the limit of 50,000 euros deducted, your donations must reach Paris Brain Institute before the deadline for filing the income tax return usually between May and June of each year.
Paris Brain Institute will send you a tax receipt indicating the amount of your donation. You can declare your donation before you receive the tax receipt.
A simple way to reduce your IFI is to take advantage of the tax deduction that applies to donations made to charitable foundations such as Paris Brain Institute. Any natural person who is liable to pay the IFI is eligible for this tax deduction. 75% of the amount of your donation will be deducted from your IFI within the limit of 50 000€ (i.e. a maximum donation of 66 667€).
The only condition to benefit from this tax deduction on your IFI is to make your donation before the date of your IFI declaration. Find the reporting dates for your field here.
To minimise your IFI, your donation can be up to €66,670 (€66,670/€0.75 = €50,000). In fact, an IFI grant entitles to a 75% reduction up to a maximum of €50,000.
For example, if your IFI is €3,000, a donation of €4,000 to Paris Brain Institute allows you to reduce your IFI to zero. Finally, your IFI grant only comes back to you at € 1,000 after tax reduction.
By donating IFI to Paris Brain Institute, you help researchers fight neurological and psychiatric diseases, and you reduce your tax burden.
Paris Brain Institute provides you with a calculator that allows you to determine the amount of your gift and your tax benefit based on the amount of your tax.
If the amount of your IFI reduction exceeds the amount of your IFI or the €50,000 limit, the excess cannot be carried forward. Our advice: declare part of your IFI donation (up to €66,667) and the remaining income tax.
If you are not liable for taxes on real estate, you can still support Paris Brain Institute with a donation deductible from income tax (deduction up to 66% of the amount of the donation, up to a limit of 20% of your net taxable income, which corresponds to a donation ceiling of 10,000 euros for a net taxable income of 50,000 euros). If your donation exceeds this threshold, you have the option of deferring the excess for 5 years.
The IFI replaced the ISF in 2018. The main difference between the ISF (Tax on Capital) and the IFI (Tax on Capital Property) is their base. The ISF was based on all assets of tax households (furniture and real estate) whereas the IFI is limited to non-professional real estate. This includes land, property (whether built or under construction, and their outbuildings) and buildings classified as historic monuments. Shares held with real estate investment companies and life insurance units affiliated to real estate are also included in the IFI calculation.
Income tax, housing tax or interest on credits other than real estate are not deductible from the IFI.
On the other hand, donations to public benefit foundations such as the Paris Brain Institute qualify for a tax deduction linked to the IFI. In fact, 75% of the amount of your donation up to the limit of 50,000 euros will be deducted from your IFI.
Contact Us
Your preferred contact to answer your questions:
Ms. Laetitia KOUAKOU
Telephone: 01 57 27 47 47
Contact by email : laetitia.kouakou@icm-institute.org