LMNP tax status : Declare rental income to the Micro BIC tax regime or Réel tax regime ?
12 Juin 2019
You are a owner of a mobile home and you are engaged in a rental activity with it? In this case, it is essential that you know the procedures for the annual tax declaration of your rental income.
If you rent your mobile home regularly during the opening period of the campsite, you can opt for the LMNP tax status (Non-Professional Landlord of Furnished Accomodation tax status), by choosing to subscribe either to the Micro BIC tax regime or to the Réel tax regime.
The Micro BIC tax regime
By declaring your activity to the Micro BIC tax regime, you will benefit from a standard allowance of 50% on your declared rental income and 17.2% of social charges.
Moreover, if you choose the Micro BIC tax regime, you will not be able to deduct any expenses related to the purchase of your Mobile Home and will not be able to recover the VAT amounts on your investments (Mobile Home, equipment, annual rental charge for the campsite plot, ...).
To declare your activity to the Micro BIC tax regime, all you need to do is attach to your personal tax return a supplementary declaration of rental income.
The Réel tax regime
If you decide to declare your rental income to the Réel tax regime, you can take into account all the expenses incurred in your LMNP activity, including the depreciation of the Mobil home and interest on loans (if you use a bank loan).
In addition, you will be able to recover VAT on the purchase price of your mobile home, on the annual rental charge for the campsite plot as well as on all the equipment related to your rental activity (terrace, air conditioning, ...).
Finally, the Réel tax regime will eventually allow you to achieve significant tax savings on your income received as a Non-Professional Landlord of Furnished Accomodation.
In most cases, the Réel tax regime will be the best tax option for your LMNP tax status.
However, this tax system will require the implementation of specific measures and regular management that only a specialist will be able to carry out properly.
To benefit from the expertise and support of our team, do not hesitate to contact us!
If you rent your mobile home regularly during the opening period of the campsite, you can opt for the LMNP tax status (Non-Professional Landlord of Furnished Accomodation tax status), by choosing to subscribe either to the Micro BIC tax regime or to the Réel tax regime.
The Micro BIC tax regime
By declaring your activity to the Micro BIC tax regime, you will benefit from a standard allowance of 50% on your declared rental income and 17.2% of social charges.
Moreover, if you choose the Micro BIC tax regime, you will not be able to deduct any expenses related to the purchase of your Mobile Home and will not be able to recover the VAT amounts on your investments (Mobile Home, equipment, annual rental charge for the campsite plot, ...).
To declare your activity to the Micro BIC tax regime, all you need to do is attach to your personal tax return a supplementary declaration of rental income.
The Réel tax regime
If you decide to declare your rental income to the Réel tax regime, you can take into account all the expenses incurred in your LMNP activity, including the depreciation of the Mobil home and interest on loans (if you use a bank loan).
In addition, you will be able to recover VAT on the purchase price of your mobile home, on the annual rental charge for the campsite plot as well as on all the equipment related to your rental activity (terrace, air conditioning, ...).
Finally, the Réel tax regime will eventually allow you to achieve significant tax savings on your income received as a Non-Professional Landlord of Furnished Accomodation.
In most cases, the Réel tax regime will be the best tax option for your LMNP tax status.
However, this tax system will require the implementation of specific measures and regular management that only a specialist will be able to carry out properly.
To benefit from the expertise and support of our team, do not hesitate to contact us!
