(AOF) – The Finance Committee of the National Assembly adopted amendment No. I-CF2789 presented by the Horizons and related group, which removes a tax loophole favoring tenants of furnished properties. According to the explanatory memorandum, the aim is to “reduce the tax differences which favor the rental of furnished accommodation, particularly for tourist use, to the detriment of bare long-term rental”. Furnished properties “are now the subject of almost professional rental strategies, particularly on rental platforms,” says the Horizons group.
The group denounces strategies which “lead to the eviction of permanent residents from tense areas”.
According to the authors, one of the tax singularities of furnished rentals lies in “the possibility of deducting depreciation during the rental and not taking them into account at the time of sale in the calculation of the capital gain.” “, whereas in the case of bare rental, the deduction of depreciation is not allowed. They believe that their amendment “corrects this anomaly by reincorporating depreciation into the calculation of capital gains on the sale of properties rented furnished on a non-professional basis.”
“If the PLF 2024 is voted on with this amendment, LMNPs (Non-Professional Furnished Rental Companies) who have opted for the real tax regime will see their taxable capital gains increase by choosing to rent to tourists rather than to permanent residents for long-term unfurnished or furnished rentals,” estimates Mallory Boutron, tax expert for the specialized platform J2DM (I declare my furnished accommodation). For her, “this measure should really encourage owners to abandon tourist rentals in favor of traditional rentals.”
Christophe Duprat, CEO of Qlower, which develops a solution for management, accounting and taxation of real estate investments, predicts in an article written with his co-founder Arnaud Gayot that private landlords offering furnished accommodation, who will lose “a major advantage” in the event that this provision were to enter into the final version of the budget, “will favor other asset classes”, causing “an acceleration of the thrombosis suffered by the thousands of students, young workers, and other households already facing the extreme difficulty in finding accommodation.
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
