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18.10.2013

Orvieto hostels

Author: admin
Orvieto hostels Under this system, your tax liability is calculated after deduction of a fixed percentage allowance against annual turnover.
The level of the fixed allowance and turnover limit will depend on the type of furnished accommodation you provide.
Owners of rural gites, meubl de tourisme and chambres d'orvieto hostels htes benefit from a hostels in agnes water fixed percentage cost allowance of 71%, with a turnover limit of 82,200 (2014) In order for a rural gite to quality for the 71% allowance the regulations state that the owner and property must be affiliated to the 'Gtes de France'.
We think this requirement of doubtful legal validity, but it may cost you to challenge it. Accordingly, you may wish to discuss with your local tax office. For all other landlords of furnished accommodation the allowance is 50% against earnings and the maximum turnover limit is 32,900 (2014) per annum.
This means you are taxed on 50% or 29% of gross rental income, depending on the type of accommodation you let. The actual rate of taxation will be that applicable under the normal rules orvieto hostels orvieto hostels for personal income tax, so it will depend on your family circumstances.
In short, income from orvieto hostels furnished lettings is taxed as personal income tax.
If your earnings are small, the level of income tax is likely to be minimal, as there is a orvieto hostels strongly progressive system of personal orvieto hostels income tax in France.
If you are oige hostels business registered as an auto-entrepreneur ,. and you have adopted the tax status of micro-fiscal.
you will pay a fixed rate of taxation blue mountains hostels of 1% or 1.7% (2014), depending on the nature of the accomodation, as discussed orvieto hostels on this page. The use of brasov hostels Micro-BIC is not available to unrelated persons who hawaii hostels oahu jointly own a furnished rental property in France en indivision or en tontine.
Thus, if you orvieto hostels own the property jointly, you can only use Micro-BIC hostels lake district uk if you are married, or in a orvieto hostels French civil partnership ( PACS ). Rgime Rel orvieto hostels If your actual costs are higher than 50%71% of gross revenues, then you would be better off electing to be taxed under a system called rgime rel.
You do not need to be formally registered as a business to use this tax regime, but if you are, it cannot be used by an auto-entrepreneur or mainstream micro-entreprise.
Under the rgime rel your tax liability is determined after deducting your actual eligible costs against your gross rental income.
You should note, however, that unless you are affiliated to an accredited accountancy body or accountant ( centre de gestion et associations agrsexpert comptable agrs) the tax authority will increase your reported gross income by 25% for the purposes of assessing your liability to income tax. A tax reduction of 915 is available if you are affiliated. Eligible costs include general management costs, the costs of property new zealand hostels insurance, local property taxes, hostels in switzerland the costs of a managing agent, guardian, caretaker, or gardener and the costs of insurance taken out against the risk of non-payment of rent by the tenant.
Also deductible are the interest costs associated with the purchase, repair or improvement of a rented property or a property purchased with a view to it being let.



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