The Limited Times

Now you can see non-English news...

Furnished rentals: do tax and marital status make good housekeeping?

2020-04-10T21:55:22.662Z


OUR ADVICE - Furnished rentals seduce many lessors with their attractive taxation. But there is an unrecognized difficulty when the property belongs to a couple.


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

This article is for subscribers only. You still have 80% to discover.

Subscribe: € 1 the first month

cancellable at any time

Enter your email

Already subscribed? Log in

Source: lefigaro

All life articles on 2020-04-10

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.