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  • MANAGING MY PROPERTY : HOW TO DECLARE THE OCCUPANCY STATUS OF YOUR HOME(S)?

    All owners of residential premises must declare on their \"impots.gouv.fr\" space, by june 30th at the latest, the conditions of occupation of these premises on the 1st of january 2023. Each owner of a dwelling is obliged to declare the nature of the occupation of this property (principal residence, secondary, rented, occupied free of charge or vacant) as well as the identity of the occupants. This declaration will enable the tax authorities to identify the dwellings that are still subject to council...

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  • FURNISHED RENTAL : WHAT ARE THE TAX PARTICULARITIES ?

    Furnished rental is interesting from a tax point of view, because it depends on the BIC tax system (traders) and not on land income (that of bare rental). It allows at least to benefit from a 50% deduction (with the Micro BIC system, accessible by right), or even to access a more lenient tax system (with the BIC system of simplified real income, accessible on option for many) by deducting all the expenses and by practicing depreciation.CONDITIONS FOR RENTING FURNISHED ACCOMMODATIONTo be able to rent...

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  • 2021 Income Tax in France: Scale & Deadlines

    The brackets of the progressive scale used to calculate french income tax for 2020 are revalued by 0.2% as of January 1, 2021. This revaluation is set according to the change in consumer prices excluding tobacco in 2020 compared to 2019. People who declare more than €10,084 in income for the year will have to pay income tax (instead of €10,064 last year). This is stated in article 4 of the finance law for 2021.Scale and tax ratesThe 2021 Income Tax scale sets the tax threshold and the applicable...

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