Furnished rentals are the provision of furnished living quarters when they include all the furnishings necessary for a normal living situation for the tenant. Income from renting furnished accommodations of which you are the owner and income from subletting furnished accommodations of which you are the tenant are subject to income tax in the industrial […]
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The brackets of the progressive scale used to calculate the 2020 income tax are revalued by 0.2% as of January 1, 2021. This revaluation is set according to the evolution of consumer prices excluding tobacco in 2020 compared to 2019. People who declare more than €10,084 in income over the year will have to pay […]
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Our advice to fulfil your tax declarations in the best way The introduction of withholding tax (“prélèvement à la source”) does not exempt you from completing and validating your income tax return (“déclaration de revenus”). Due to the health crisis, the deadlines for completing and validating the declaration have been extended. I/ Employees : abatement or actual costs […]
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Until 2018, companies benefited from a reduced corporate tax rate on the sale, concession and sub-concession of eligible intellectual property assets: either a reduced rate of 15.5% (Article 39 terdecies of the French General Tax Code), or a unique rate of 12.8%, plus social contributions, if they were liable to the income tax regime. France’s favorable […]
Read more The terms and conditions governing the liability for corporate income tax of foreign States that carry on in France a real estate leasing business directly or through SCIs with which they are associated, are specified by the “Conseil d’Etat”. Should a foreign State which has made real estate investments in France be subject to corporate […]
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All patrimony professionals are now asking themselves: should you house your rental investments in a real estate property company (« sociétés civiles immobilières ») subject to corporate tax (« impôt sur les sociétés »)? Indeed, there are almost only advantages to being subject to corporation tax, rather than acquiring a property directly which is subject to property income tax. This is mainly […]
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