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Taxation of income from real property received by individuals domicilied in France

Income from real property includes income from urban or rural developed or non-developed property in France or in other countries.

However, where such income is linked to the pursuit of an industrial, commercial, craft, agricultural or non-commercial activity, it is included in the profits of the activity according to the relevant rules.

Recipients of income from real property whose annual revenues do not exceed €15,000 and who do not let properties covered by certain special regimes benefit from a simplified tax regime called “micro-foncier”. Taxable income from real property is determined after deducting a notional 30% allowance representing all expenses on the property.

Recipients of income from real property whose annual revenues exceed €15,000 are covered by an actual regime. In this case, taxable income from real property is equal to the difference between the amount of revenue and the total real amount of expenses on the property.

Persons entitled to benefit from the “micro-foncier” regime may opt for the actual regime.

The taxable amount of income from real property may be reduced, under certain strictly defined conditions, by an amortisation of the acquisition cost of new rental housing, to which may be added certain specific deductions (incentives to invest in properties to let).

Source: French Tax Office

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Posted by on Aug 12 2010. Filed under Income from real property, Income from real property. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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