Flat tax france
Otherwise, choose ´furnished´, assuming the local ´professional´ taxes are not too high.įurnished property, which includes bed and beakfasts and gites (self-catering holiday cottages), is taxed under the business profits heading of income tax (but not as corporate income). Rule: Choose ´unfurnished´ if there are high deductible expenses, such as high mortgage expenses.
The decision whether to let furnished or unfurnished is important, because it has implications (a) for taxation, primarily as to deductions allowed, and (b) for the tenant´s rights vis-à-vis the landlord. Married couples may be taxed jointly or separately. Nonresidents are taxed on their French-sourced income. A shorter write-up of it is available at Impots (Tax). French taxation is ruled by the massive Code Général des Impots (CGI), which is available at Legifrance. This article will give a brief overview of the French tax system for nonresidents looking to invest into real estate in France or relocate.