You'vebuy a house in Brittany the aim of the rent. However, you have to ask serious questions as to the level of taxation, second homes, particularly in relation to rental income on a seasonal basis. Don't worry, we're here to dispel your doubts.
Taxation of second homes: separating fact from fiction
You may have purchased or that you're buying a house to make it your second home, it's important that you're fighting some ideas of your mind, which could undermine the moral, and, especially, to influence you negatively in your choice.
1. A secondary house, it is a money pit !
FALSE. If the investor is not down-to-earth and realistic minimum, surprises could be found at the end of the path. However, the time that the rental income will cover the entirety of the expense or work of valuation is made, the buyer has no need to worry.
2. Not the same housing tax for a secondary residence
TRUE. The property tax is a tax that is based on the rental value of the housing, and not on the income of its owner. It should be noted, however, that the cap linked to revenues and rebates are not applied in the context of a secondary residence. By the way, if you own a secondary home, you do not have a TV licence an additional set.
3. You can spend all the time that you want in a secondary residence
FALSE. In reality, it must be spending less time at his second home in his main residence, otherwise, the secondary residence becomes sooner or later a principal residence, at least from a tax point of view. But we can use this as an excuse to get relief in the event of a significant work, for example !
4. Not worth it to declare the rental income from my second home
FALSE. It is necessary to declare the entirety of the revenue collected by way of a lease for TAX purposes. Furnished rental, holiday rental, regardless of the type of venue it is, the declaration of rental income is mandatory. Moreover, in the case of rentals, it is also necessary to inform the municipality in which is located the secondary residence in order to ensure the collection of the tax.
5. Seasonal rentals are not cost-effective
FALSE. In France, a second home is rented for an average of ten weeks in high season. This represents slightly more than € 10,000 per year. This is largely sufficient to cover the maintenance costs and even make a profit ! Then, you still hesitate to buy a home ?
