Furnished rentals seduce many lessors with their attractive taxation. The rents received are in fact industrial and commercial profits. A regime which authorizes to amortize the cost of acquiring the property and, under certain conditions, to recover the VAT paid. But these advantages should not overshadow the complexity of this status, subject to multiple regulations. "This complexity stems from the hybrid status of furnished rentals which combines the taxation of private wealth with that of the company," explains Me Paul Duvaux, Parisian tax lawyer (paulduvaux.com). Added to this is a source of additional, unrecognized difficulties when the property belongs to a couple.
● Can a spouse operate alone a property owned by two?
In principle, to be able to register a property as a professional asset, depreciate it and recover the VAT, you must own it. Difficulties arise when the operator of the furnished rental, declared to the taxman, owns the property in joint possession
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