Tax return file (liasse fiscale)
The set of professional tax returns filed by a business (balance sheet, income statement, notes) allowing the bank to assess the financial situation of a self-employed or executive borrower. Banks look for net profit, director's remuneration, distributed dividends, and revenue trend over two to three financial years. It is a key document for self-employed borrower files.
Key points
- The liasse includes the balance sheet, income statement, and notes filed with tax authorities.
- Banks analyse the trend in net profit and remuneration across two to three financial years.
- Distributed dividends may be included in income if payment is regular and sustained.
- An incomplete or late liasse systematically delays the credit assessment process.
Frequently asked questions
What exactly does a credit analyst look for in a liasse fiscale?
The analyst first identifies net profit (page 2 of form 2031 or 2065) then the declared director's remuneration. They compare revenue and expense trends across several years to identify a pattern. A profit fall caused by an investment can be explained; a fall due to client loss is more concerning.
Can an interim liasse fiscale be submitted if the financial year has not yet been closed?
Some banks accept a provisional balance sheet signed by an accountant pending official filing, especially if the previous financial year is less than six months old. This allows the application to proceed early while incorporating the most recent figures. The broker verifies on a case-by-case basis whether the targeted bank accepts this.
What is the difference between the liasse fiscale and tax notices for a self-employed borrower?
The tax notice summarises personally declared income, while the liasse fiscale documents the company's accounting and tax position. For a self-employed borrower, both documents are requested: the tax notice confirms personal income received, the liasse fiscale enables assessment of the company's financial health.
In practice
A freelance consultant submits liasse fiscale documents for the last three financial years. The analyst notes 15% annual growth in net profit and uses the three-year average as the reference income for borrowing capacity calculation.
Put it into practice with CourtImmo
See how CourtImmo software helps brokers on this topic:
Official sources
- Tax return package (simplified real regime) · Entreprendre.Service-Public.gouv.fr
- Obtaining a mortgage loan · Service-Public.gouv.fr
- Mortgage credit (official guide) · Service-Public.gouv.fr