More profitable than the traditional rental of an empty accommodation, furnished rental nevertheless imposes regulatory constraints as soon as one places oneself within the framework of a seasonal rental or the status of non-professional furnished rental company (LMNP) allowing to practice tax depreciation on the value of the property in order to reduce its property income and therefore its taxation.
Jedéclaremonmeublé.com, a service company providing tax return support for furnished rentals, has reviewed the new features for 2023 in furnished rentals.
New procedure for registering as an LMNP or LMP
Since January 1, 2023, furnished rental companies must declare their start of activity online, as well as any modification of their activity, via a digital one-stop shop on the INPI (National Institute of Industrial Property) website.
” This declaration, which was previously made on the infogreffe.fr site, must be made within 15 days of the start of activity, and allows the furnished rental company to obtain a SIRET number corresponding to the registration of its rental activity. furnished “, says the head of the tax department of Jedéclaremonmeublé.com, Mallory Boutron.
Reassessment of Micro-Bic thresholds
The rents received by furnished rental companies are taxed in the category of Industrial and Commercial Profits (BIC). Up to a certain threshold of annual revenue, the taxpayer is subject by default to the Micro-Bic regime. This allows him to benefit from a fixed reduction of 50% and even 71% if he has his accommodation classified as furnished tourist accommodation.
The Micro-BIC thresholds, updated every 3 years, have been slightly reassessed since January 1, 2023: €77,700 instead of €76,200 for furnished rentals and €188,700 instead of €176,200 for classified tourist accommodation.
End of the increase in taxable income in the absence of membership of an OGA
Mallory Boutron recalls that furnished rental companies who have not joined an approved management organization (OGA) in 2022 and who generate a profit from their furnished rental activity will see this latter increased by 10% for the calculation of their tax on Income. Good news: this increase is removed from the 2023 income tax.
“ However, joining an OGA remains attractive for furnished rental companies in 2023 because it allows them to benefit from a tax reduction, under certain conditions, corresponding to 2/3 of the accounting costs. “, underlines the tax specialist.
Mandatory declaration of the occupation of the furnished accommodation before July 1, 2023
Like all owners, since January 1 and imperatively before July 1, 2023, all furnished rental companies must declare online in the “ Manage my properties » from the site impots.gouv.fr all the accommodation they own, the identity of the tenants and the period of occupation.
” For furnished tourist rentals, they only need to declare the date on which they started the seasonal rental activity and specify the management methods (in-house or through a manager) as well as the SIREN number of the manager and theirs. If the accommodation has been classified as furnished accommodation, this must also be specified. On the other hand, the declaration of the rent remains optional “explains Mallory Boutron. ” In case of dismemberment of property, it is the usufructuary who must make the declaration insofar as it is he who disposes of the use of the property. “, she adds.
Furnished second homes
Finally, the increase in housing tax on furnished second homes is on the watch for more and more owners because a decree expected by the end of spring will increase the list of tourist municipalities eligible for this surcharge from the 2024 taxes. (with a rate of increase between 5% and 60%).
” One of the solutions to avoid the increase in the housing tax is to rent the accommodation in traditional furnished rental, that is to say in the main residence of the tenant or in a student lease. “advises Mallory Boutron.