I. – Property expenses deductible in determining net income include: 1° For urban properties: a) Repair and maintenance expenses actually borne by the owner; a bis) Insurance premiums; a ter) The amount of expenses borne on behalf of the tenant by the owner for which the latter has been unable to obtain reimbursement, as at 31 December of the year in which the tenant left; a quater) The provisions for…
When a listed or registered historic monument, whether built or unbuilt, is the subject of a long lease for a period of at least eighteen years, the lessee is taxed as the owner on the income received, after taking into account the expenses incurred. This income is taxed under the income from property regime, unless the owner is a natural or legal person covered by the industrial and commercial profits…
The member of a société civile de placement immobilier, governed by articles L. 214-114 et seq. of the French Monetary and Financial Code, whose share of income is, pursuant to Article 8, subject in its own name to income tax in the property income category, may, by irrevocable option exercised when filing the income tax return for the year of subscription, make a deduction for depreciation. This deduction is equal…
1. Notwithstanding the provisions of Article 31, where the amount of gross annual income defined in articles 29 and 30 does not exceed €15,000, the corresponding taxable income is set at a sum equal to the amount of this gross income less a 30% allowance. In the event that the taxpayer holds units in real estate investment funds referred to in article 239 nonies or units in companies, other than…
Subject to the provisions of article 151 quater, rents and services of any kind that constitute the price of a construction lease entered into under the conditions provided for by the articles L 251-1 à L 251-8 du code de la construction et de l’habitation, have the character of income from property within the meaning of Article 14.
I. – Where the lease price consists, in whole or in part, of the delivery of real estate or securities under the conditions provided for in the first paragraph of Article L 251-5 of the Construction and Housing Code, the lessor may request that the income represented by the value of these properties calculated on the basis of the cost price be apportioned over the year or financial year during…
For the purposes of determining the taxable property income of persons liable for value added tax on the rental of their buildings, gross receipts and deductible expenditure relating to the buildings are taken at their amount exclusive of value added tax.
Rents and services of any kind that constitute the price of a rehabilitation lease concluded under the conditions provided for by articles L. 252-1 to L. 252-4 of the Code de la construction et de l’habitation (Building and Housing Code) have the status of property income within the meaning of the article 14. However, the income represented by the value of construction, reconstruction or extension work carried out by the…
For the purposes of income tax, profits made by natural persons from the exercise of a commercial, industrial or craft profession are deemed to be industrial and commercial profits. The same applies, under the same conditions, to profits made by mining concessionaires, amodiataires and sous-amodiataires of mining concessions, holders of mining permits and explorers of oil and fuel gas mines. By way of exception to the provisions of the first…
I. – For the purposes of income tax, the profits made by the following natural persons are also deemed to be industrial and commercial profits: 1° Persons who, on a regular basis, purchase, in their own name, with a view to reselling them, buildings, businesses, shares or units in property companies or who, on a regular basis, subscribe, with a view to reselling them, to shares or units created or…
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75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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