Three deputies and a senator, from different political backgrounds, want to give a twist to seasonal rentals, like Airbnb. It is true that their number is exploding.
There are 500,000 rentals on Airbnb, In France. The elected officials want to reduce the number of possible overnight stays.
franceinfo: The number of seasonal rentals is exploding Philippe, what do these elected officials want?
Philippe Duport: The number of nights is now 120 nights, if it is your main residence, but there is in principle no limit, if it is your secondary residence, specifies Stéphanie Khom, lawyer in tax law within the SVP group. A limit all the same: in this case, you will have to declare your rental to the local authority to which you belong, which can then impose a ceiling, grant you prior authorization, but it all depends on the municipalities.
Another request from elected officials: that we can no longer rent thermal colanders for seasonal rental?
Yes, for the moment an owner can completely rent a poorly insulated accommodation as part of a seasonal rental. The elected officials want to put an end to this exception.
How are you considered by the tax authorities when you rent a vacation?
It all depends on whether or not a ceiling is exceeded, which is 23,000 euros. If you earn more than 23,000 euros per year, doing seasonal rental, and this exceeds the other income from your tax household, then you are considered a professional rental company.
This will have several consequences. Particularly at the level of capital gain, during resale. It may be taxed more heavily. Another consequence, if you find yourself in deficit on your activity, if your expenses exceed your profits, you will be able to deduct these losses from your income.
What tax am I going to pay on what I earn with my apartment?
If you declare your turnover, according to the industrial and commercial profit regime, you will be able to benefit from a reduction of 50 or 71%, depending on the quality of your property. It is also an advantage that elected officials want to tackle.
And the concierge services, which often charge you exorbitant fees?
It is a charge for the owner. This can be interesting for him, because he will be able to deduct it from his turnover.