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Questions and Answers
What is the traditional approach for international owners of French property when it comes to letting out accommodation?
What is the traditional approach for international owners of French property when it comes to letting out accommodation?
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What has contributed to the increase in supply of the holiday rental market in France?
What has contributed to the increase in supply of the holiday rental market in France?
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What is fiscally more advantageous for landlords if their eligible costs are greater than the allowances available under micro tax status?
What is fiscally more advantageous for landlords if their eligible costs are greater than the allowances available under micro tax status?
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What is the definition of 'meublés de tourisme'?
What is the definition of 'meublés de tourisme'?
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What happens if a principal home is let for more than 120 days a year?
What happens if a principal home is let for more than 120 days a year?
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What is the requirement for a property to be considered the principal residence?
What is the requirement for a property to be considered the principal residence?
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In major urban areas, what additional requirement applies for letting furnished accommodation on a short-term basis?
In major urban areas, what additional requirement applies for letting furnished accommodation on a short-term basis?
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What is the purpose of the separate registration procedures with the local council for short-term letting of furnished accommodation?
What is the purpose of the separate registration procedures with the local council for short-term letting of furnished accommodation?
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What is the consequence of letting one's own furnished home for more than 120 days a year in major urban areas?
What is the consequence of letting one's own furnished home for more than 120 days a year in major urban areas?
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What is the requirement for a property to be considered 'meublés de tourisme'?
What is the requirement for a property to be considered 'meublés de tourisme'?
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What is the threshold for short-term furnished lettings receipts that requires business registration in France?
What is the threshold for short-term furnished lettings receipts that requires business registration in France?
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What is the minimum net profit threshold for Chambre d'hôte owners to pay social security contributions in 2022?
What is the minimum net profit threshold for Chambre d'hôte owners to pay social security contributions in 2022?
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What is one of the benefits of business registration for landlords in France?
What is one of the benefits of business registration for landlords in France?
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What is the purpose of obtaining a business registration number (Siret) for landlords in France?
What is the purpose of obtaining a business registration number (Siret) for landlords in France?
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What is the consequence of becoming a professional landlord in France?
What is the consequence of becoming a professional landlord in France?
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What is the requirement for non-professional landlords letting gite accommodation under €23,000 receipts in France?
What is the requirement for non-professional landlords letting gite accommodation under €23,000 receipts in France?
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What happens if a landlord lets both unfurnished and furnished accommodation in France?
What happens if a landlord lets both unfurnished and furnished accommodation in France?
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What is the consequence of providing at least three specific services as a landlord of furnished accommodation in France?
What is the consequence of providing at least three specific services as a landlord of furnished accommodation in France?
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What is the requirement for 'Meublés de tourisme' in France?
What is the requirement for 'Meublés de tourisme' in France?
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What is the threshold for net profit for Chambre d'hôte owners to pay social security contributions in 2022?
What is the threshold for net profit for Chambre d'hôte owners to pay social security contributions in 2022?
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What is the purpose of business registration for landlords in France?
What is the purpose of business registration for landlords in France?
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What can be deducted when buying and letting property with a mortgage in France?
What can be deducted when buying and letting property with a mortgage in France?
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What is the tax allowance like for furnished lettings compared to unfurnished lettings under the micro status in France?
What is the tax allowance like for furnished lettings compared to unfurnished lettings under the micro status in France?
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What are non-resident clients in France liable to on their French rental earnings?
What are non-resident clients in France liable to on their French rental earnings?
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What is essential to keep an eye on market trends even after successfully letting a property in France?
What is essential to keep an eye on market trends even after successfully letting a property in France?
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What is advisable for annual lettings to protect against non-payment of rent in France?
What is advisable for annual lettings to protect against non-payment of rent in France?
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What provides greater certainty and slightly stronger rights in the event of non-payment of rent for a tenancy agreement in France?
What provides greater certainty and slightly stronger rights in the event of non-payment of rent for a tenancy agreement in France?
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What is crucial for independent property inspections at the start and end of the tenancy in France?
What is crucial for independent property inspections at the start and end of the tenancy in France?
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What may resident landlords in France be required to register as if letting furnished accommodation?
What may resident landlords in France be required to register as if letting furnished accommodation?
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What is the distinction between professional and non-professional landlords of furnished accommodation based on in France?
What is the distinction between professional and non-professional landlords of furnished accommodation based on in France?
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What was ruled illegal by the French Constitutional Court in 2018 regarding professional status as a landlord of furnished accommodation?
What was ruled illegal by the French Constitutional Court in 2018 regarding professional status as a landlord of furnished accommodation?
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What can be deducted when buying and letting property with a mortgage in France?
What can be deducted when buying and letting property with a mortgage in France?
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Which regime in France determines the taxation for buying and letting property?
Which regime in France determines the taxation for buying and letting property?
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What type of lettings have a more generous tax allowance under the micro status in France?
What type of lettings have a more generous tax allowance under the micro status in France?
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What are non-resident clients in France liable to on their French rental earnings?
What are non-resident clients in France liable to on their French rental earnings?
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What is advisable for annual lettings in France to protect against non-payment of rent?
What is advisable for annual lettings in France to protect against non-payment of rent?
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What is crucial for landlords in France to do at the start and end of a tenancy?
What is crucial for landlords in France to do at the start and end of a tenancy?
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Under what circumstance may resident landlords in France be required to register as a business?
Under what circumstance may resident landlords in France be required to register as a business?
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What determines the distinction between professional and non-professional landlords of furnished accommodation in France?
What determines the distinction between professional and non-professional landlords of furnished accommodation in France?
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Under what conditions can non-residents in France be considered professional landlords?
Under what conditions can non-residents in France be considered professional landlords?
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What was ruled illegal by the French Constitutional Court in 2018 regarding professional status as a landlord of furnished accommodation?
What was ruled illegal by the French Constitutional Court in 2018 regarding professional status as a landlord of furnished accommodation?
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Study Notes
Top Tips for Buying and Letting Property in France
- When buying and letting property with a mortgage in France, interest costs and depreciation can be deducted, but taxation depends on the chosen regime (régime réel or micro status).
- The tax allowance for furnished lettings (e.g., gites and chambres d'hotes) is more generous than for unfurnished lettings under the micro status, but demand may be lower for furnished accommodation.
- Non-resident clients are liable to French income tax and social charges on their French rental earnings, with double taxation relief available.
- Tenants have strong security of tenure, regardless of whether the property is furnished or unfurnished, and landlords should thoroughly vet prospective tenants.
- Regular advertising is essential to keep an eye on market trends, even after successfully letting a property.
- For annual lettings, insurance against non-payment of rent is advisable, and a one-month rental/damage deposit should be insisted upon.
- Getting the tenancy agreement signed via a notaire provides greater certainty and slightly stronger rights in the event of non-payment of rent.
- Engaging a huissier for independent property inspections at the start and end of the tenancy is crucial, as tenancies are automatically renewed if not terminated properly.
- Resident landlords in France may be required to register as a business if letting furnished accommodation, while no registration is needed for unfurnished lettings.
- The distinction between professional and non-professional landlords of furnished accommodation is based on annual receipts exceeding €23,000 and other income of the fiscal household.
- Non-residents can be considered professional landlords if their French rental income exceeds €23,000 and their France taxable income is less than this figure.
- The requirement to register with the Registre du Commerce et Sociétés (RCS) for professional status as a landlord of furnished accommodation was ruled illegal by the French Constitutional Court in 2018.
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Description
"Professional and Non-Professional Landlord in France" quiz covers the requirements and implications of becoming a professional landlord in France, including tax advantages, social security contributions, and business registration. It also explores the distinctions between furnished and unfurnished lettings, tenant vetting, market trends, and legal considerations. Additionally, it provides top tips for buying and letting property in France, including deductions, taxation regimes, double taxation relief, tenant rights, insurance, notaire involvement, property inspections, and residency requirements
