Income from housing let to their members by non-trading property companies for progressive home ownership operating in accordance with articles L. 443-6-2 to L. 443-6-13 of the construction and housing code are exempt from income tax.
Net property income is equal to the difference between the amount of gross income and total property expenses.
Subject to the provisions of articles 33 ter et 33 quater, the gross income from buildings or parts of buildings let is made up of the amount of gross revenue received by the owner, plus the amount of expenditure normally payable by the owner and charged to the tenants under the agreements. Subsidies and allowances intended to finance deductible expenses are included in gross income. No account is taken of…
Subject to the provisions of article 15-II, the gross income of buildings or parts of buildings which the owner reserves the right to use is made up of the amount of rent that they could produce if they were let. It is assessed by comparison with similar properties or parts of properties that are let on a normal basis, or, failing this, by direct assessment. It is increased, where applicable,…
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…
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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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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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