Income from a property located in France is in principle taxable in France, even if you live abroad. The tax treaty between France and your country of residence sets out how double taxation is avoided.
- Your LMNP tax return is prepared and filed in France, as for a resident.
- Your result is reported on your French income tax return, with the tax office for non-residents, via your personal account on impots.gouv.fr.
- Tax rate: a minimum rate of 20% generally applies. You may request your average rate if you can show it would be lower, taking all your income into account.
- Social charges: if you are covered by the social security system of an EU or EEA country, the UK or Switzerland, you only pay a 7.5% solidarity levy instead of the full rate.
Filing on paper? Send your return to the tax office for non-residents, at the address shown on your form. If you have sold your property and no longer have any French-source income, write in the "Informations" box: "VENDU le [date of sale] – AUCUN REVENU DE SOURCE FRANÇAISE" (sold on [date], no French-source income).
What Celavigestion does not handle: Your personal income tax return in your country of residence. As each country applies its own regulations and bilateral tax treaties, this process falls exclusively under the scope of a local tax advisor or accountant.
You become a professional furnished landlord (LMP) if both of the following conditions are met:
- Your household's annual furnished rental income exceeds €23,000.
- It exceeds the household's other earned income (salaries, pensions, professional profits).
If either condition is not met, you remain LMNP. LMP status changes the treatment of losses, social contributions and capital gains on sale. If your income is close to these thresholds, contact us to review your situation before year-end.