I am a UK resident & I have a property in France which is being used for rental purposes, whilst it is being sold (a very slow process). As a property rental property it runs at a loss. Last year it was let for c4 weeks. costs were high as roof renovation work was required. Does a French tax return need to be completed to record these losses?
Someone had advised me that there was a way that you could offset your costs as well, rather than just counting the income (and not the costs) and treating as if it was a profit. Can anyone advise on this option?
LOL surely not @cat It goes further than that - a Brit guy (who is french resident) who lives not that far from me is more than happy to state that, as he takes all his rental bookings in sterling and pays them into a UK bank account - he thinks he’s ‘exempt’ from declaring in France… pretty sure he won’t be alone!
Something else just sprung to mind - how do non-resident landlords handle Taxe de Séjour ? Hummmmm
Shouldn’t be much of an issue if they’re with one of the online platforms as they are now mostly responsible for collection and remittance to the fisc (along with full details of all rentals!). But…direct bookings with the owner…???
The taxe De sejour is an interesting one. Any bookings I receive come via a platform, and they charge the guests this tax. As such I don’t receive direct bookings. However, I receive emails from the local tax office asking me to complete an occupancy form, and pay this tax. However, as far as I’m aware this has already been dealt with by the booking company. The local tax office are very persistent, which does concern me.
@anon87147852. And does this brit pay taxe de sejour in sterling I wonder? Of does he think he’s exempt from that too? It distresses me that fellow country people take the p*** like that. One day the administration will wake up and check the major booking platforms I guess, but could be a long time coming.
Give the Tax folk “the works” … with as much detail/info about your presence on the booking platform as you can. The more info the merrier… be seen to be pro active… can’t do any harm and may (eventually) get them out of your hair…
and they will probably relax once you have done a Tax Return… never let them think you are ignoring them… if you don’t understand what they are getting at… say so, and ask them to explain…
They are actively doing this now as one of our UK rental clients found out when the Maire turned up at the house on a Saturday in August last year, to say the paying guests were unhappy is an understatement.