Furnished properties – income for non-professionals and professionals (LMNP and LMP)

Managing your furnished property business 

If you are looking for a reliable accountancy firm to manage your furnished rental business, you can rely on our experienced staff. They manage many such businesses and are familiar with all of the specific requirements.

• Legal formalities for LMNP – LMP 
• Declaration of the start of business  
• Addition/removal of an establishment (new apartment) 
• Registration with an authorised management centre (CGA) 
• VAT options 

Bookkeeping records 

• Registration of your investments (properties, furnishings, etc.) 
• Bank loans 
• Rents 
• Various costs 

Management of tax returns 

• Preparation of the tax return forms and electronic transfer to the tax authorities (EDI)
• Collection and payment of corporate property rates (CFE) 
• VAT management (if options available): preparation of 12-month/3-month VAT returns, request for the reimbursement of real estate VAT, settlement of real estate VAT, etc. 
• Assistance with the completion of your income tax return (transfer of the data required for your return)

Optimising your tax burden 

You have the choice between two French tax systems: the régime micro and the régime réel. There is a lot of information available on the internet, but it isn’t always easy to establish which would be the most appropriate tax structure for your investment in furnished accommodation. As part of a special assignment, we will discuss your acquisition or rental project, compare the various tax options and their implications and prepare detailed estimates to determine the best option for minimising your tax burden.