Do you own a property? Specify the type of property, the address and the cadastral income. We'll then need the details detailed in this article for each property.
👉 For complex situations, use the "remark" field to explain it to us.
💡 Only include property you own or have usufruct over (not buildings for which you only have bare ownership)
💡 Where can I find the cadastral income? On the withholding tax payment document, or on Myminfin > My home > Consult my property data)
💡 You have purchased a property this year (i.e. you did not own the property the previous year, for which we are filing the return this year): this property does not yet have to be registered.
Uses
For each property, specify the use you make of it. It is possible to have several uses for a single property. In this case, specify the % for each use (based on the surface area of the property).
👉 Example: 80% is used for your home, and 20% is rented to your company
💰 Different types of use
1️⃣ Own home
You personally occupy this property as your home. In this case, we do not have to include it in your tax return. This property is exempt from personal income tax.
💡 You own a garage in the street, which is not part of the dwelling (different RC): it can be considered as a unit with the dwelling proper.
💡 You don't live in the building because of building work or for socio-professional reasons? It is still possible to consider it as your own home.
2️⃣ Rented to private individuals (or not rented)
You rent the building to a private individual (who does not use it for professional purposes), or you do not rent the building (second home).
What do we need to know? The cadastral income of the property.
How are you taxed? Progressive rate of personal income tax applied to the indexed cadastral income, plus 40%.
3️⃣ Leasing to professionals
You rent the property to a self-employed person who uses it for his or her professional activity, or to a company (including if you are a company director and rent all or part of the property to your company).
What do we need to know? The cadastral income of the property, and the amount of rent received during the year.
How are you taxed? Progressive rate of personal income tax applied to the amount of rent received (less 40% flat-rate charges).
4️⃣ Short-term rental via a platform (e.g. Airbnb)
What do we need to know? The cadastral income of the property and the amount of rent received during the year.
How are you taxed? These rents are taxed in different ways:
Property income: progressive rate of personal income tax applied to indexed cadastral income, plus 40%.
Personal income (because the property is let furnished): 40% of 80% of the rent received (less 50% flat-rate expenses), taxed at 30%.
Miscellaneous income: 20% of the rental income (after deduction of 20% fixed expenses), taxed at 33%.
⚠️ In some cases, rental income may be subject to VAT. To avoid this, do not provide any of the following services:
Greet guests on arrival (provide a key box, for example)
Providing household linen and replacing it at least once a week
Offer breakfast
⚠️ If the rental activity is regular and you devote a lot of time and energy to it, the rent received could be considered as professional income (subject to social security contributions and the progressive rate of IPP, after deduction of actual expenses).
if you think you may be in this situation, let your accountant know.
🪑 Furnished lettings
If you rent a furnished property, it is important to let us know, as income is then split into 2 parts:
Property income (60% by default)
Personal income (40% by default)
It is possible to provide for a different split between property and personal income in the lease. If this is the case, complete the % represented by the part relating to the rental of furniture (if nothing is provided for: 40% to be indicated)
Owners
In this section, we explain how to differentiate between your share in the property and your share in the income from the property.
🏠 Share of ownership
Your share of the property is the % of the building you own based on the notarial deed.
👉 Example 1: you are married and own a flat that you bought alone. Your share in the property is 1/1.
👉 Example 2: you own a house that you inherited with your brother and sister (1/3 each). Your share in the property is 1/3.
💰 Share of income
In most cases, your share of the income is the same as your share of the property, unless you are legally married or have a marriage contract that specifies that the property is jointly owned.
In this case, you could own 100% of the property, but your spouse would receive 50% of the income from it. Your share of the income is then 1/2 (and 1/2 for your spouse).
Loans
If you have a loan (mortgage or otherwise) linked to the property you are declaring, we need the tax certificate showing the amounts repaid during the year (capital and interest).
So enclose the annual certificate, as well as the basic certificate for new loans.
If you are refinancing, specify this in the note on the property.
If you have any questions, send us a message on the live-chat at the bottom right.
See you soon 👋