Blog | Income declaration for a seasonal rental

Income declaration for a seasonal rental

As for classical rental, income and charges are also subject to taxation in the case of tourism rental activity.

Whether you propose seasonal rental accommodation for a few weeks a year or for the whole year, the rental income received is taxable.

Unlike an unfurnished rental which have to be declared in the category of property income, “revenus fonciers” in French, the furnished -seasonal or not- rental is to be declared in the category of industrial and commercial profits (BIC).

Depending on the amount of your annual income or your expenses, you must then choose between either:

  • The “régime micro-BIC”, also called “régime forfaitaire”: this regime is very advantageous since it is relatively simple and allows you to benefit from a 71% reduction on the rents and collected charges. (lien article micro bic et régime reel)
  • The “régime réel simplifié”: even though this regime is much more complex than the “micro-BIC” regime, it enables you to deduct property charges and amortization from your rental income.

Nonetheless, it requires you to maintain your account books and too appeal to a chartered accountant. He will take care of your annual balance sheet.

In order to be under the “regime réel simplifié”, all you have to do is to send to your dedicated tax authorities a letter mentioning your desire to be under this regime.

This option must be carried out before February 1st of the first year for which you wish to be under the “régime réel simplifié”.

It is then applicable for two years and is tacitly renewed for two years unless termination (“dénonciation” in French).

2020 income to be declared in 2021

 

Régime micro-BIC ou régime forfaitaire

Régime simplifié

 

Location classique

 

Location saisonnières classées (gites ruraux, furnished tourist accomodation, bed and breackfast)

Location classique

 

Location saisonnières classées (gites ruraux, furnished tourist accomodation, bed and breackfast)

 

Conditions

 

Annual turnover excluding tax:

< 72600 €/years

 

Annual turnover excluding tax:

<176200€/an

 

- You are automatically attached to this scheme if your annual turnover excluding tax is between € 72,600 and € 247,000 / year

 


- You can deliberately choose this option if your deductible expenses exceed the lump sum deduction, i.e more than half of your income.

- You are automatically attached to this scheme if your annual turnover excluding tax is between € 176,200 and € 818,000 / year


- You can deliberately choose this option if your deductible expenses exceed the lump sum deduction, i.e more than 71% of your income.

 

 

Advantages

 

50% reduction on rents and collected charges.

71% reduction on rents and collected charges

- Deduction of « charges réelles »: depreciation, financial expenses, works and charges related to the rental ...
- The possibility of not paying tax on rental income in the event of a deficit; i.e., when the charges are higher than the rental income

Déclarations

Fiscales

 

N°2042 C PRO

N°2042 C PRO

  • N°2042 C Pro
  • Declaration of BIC results
  •  n°2031
  • Liasse des tableaux annexes n°2033-A to 2033-G

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