Rentals of furnished apartments and tax returns in France.
Rentals of furnished apartments and tax returns.
There exist 2 options for you if you are not a specialist in the question of rent .
- You choose a common way of filling in a tax return. In this case, all costs (in the presence of invoices), you write off for expenses. That is the reason why people buy apartments in a very bad condition on credit, make repairs, write off the bank interests on expenses (but not the principal of the loan!), and remain in deficit for several years and so without paying taxes (or the tax rate goes down, which is very interesting for people, who pay a very high tax on income).
- You choose a simplified taxation system. The amount of money you declare is divided into half and this half is taxed at a 20% rate + 15% of social deductions. In this case, no repairs can be written off for expenses , but you will also have no trouble in filling in the tax return.
Excellent profitable investment projects are here for you!