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declaring our rental income?

Posted by peaches13 - Created: 6 years ago
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5 replies (Showing replies: 1 to 5)

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Posted by ESS-209984 - 6 years ago

If you rent long term, unfurnished, then you can elect to deduct your actual expenses, and that would include the mortgage interest as well as any maintenance, improvements included.

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Posted by eurokiné-187861 - 6 years ago

your mortgage isnt considered expenses & cant be deducted from the rental income for tax puroses

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Posted by tatties - 6 years ago

Sorry to reply with question, but if your rental is long-term is that the same? Also in both cases, what can be classed as expenses - if you pay out a mortgage about equal to the rental income - do you still get charged on rental as 'income' or only if you are clearing a profit?

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Posted by 52xmax - 6 years ago

are you resident and taxable in France or not ? If you are, the rental income, as furnished property is classed as BIC income (benefice industriel et commercial) adds to your other income after a deduction of 50%. If you are not resident in France but elsewhere eg UK, you will still need to declare the income in France which will, after deduction, be taxed as marginal income on top of the amount you declared in another country. Insteade of the 50% you could chose to deduct real expenses, but hardly ever are the real expenses anywhere near the 50% forfait.

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Posted by secours-180503 - 6 years ago

You should have to add 50% (4000Euros) to your income revenue.