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The Non-Professional Landlord of Furnished Accommodation tax status (LMNP)
According to the French Tax Authorities, you are considered as a Landlord of Furnished Accommodation if you own a furnished premises and offer it for rent.
To classify as a furnished rental, your furnished premises must include all of the necessary furniture and equipment to allow your tenants to live there comfortably in terms of the requirements of current standards (sleeping, eating and washing oneself). In this respect, the mobile home perfectly meets the furnishing requirements and thus becomes a member of the furnished accommodation family by right!
Furthermore, if your mobile home rental activity is carried out on a regular basis, it is therefore considered as a commercial activity for tax purposes and the rental income that depends on it is then taken into account in the category of Industrial and Sales Related Profits and not under Land and Property Tax category (only concerns income from unfurnished accommodation).
In addition, when your mobile home is rented to private individuals, you will benefit from the Non-Professional Landlord of Furnished Accommodation tax status (LMNP), provided that you comply with certain conditions:
- The total annual income resulting from your LMNP activity is less than or equal to €23,000 including taxes.
- The total annual rental income don’t exceeds your taxable household’s other incomes.
Several options for declaring the income from your mobile home
In order to carry out your LMNP mobile home activity legally and thus avoid heavy financial penalties from the tax authorities, you are obliged to declare all your rental income each year to the tax authorities on which you depend.
To declare your income from your mobile home as a Non-Professional Landlord of Furnished Accommodation, you have two tax options.
- The Micro-BIC Tax Regime
- The Reel Tax Regime
Choose the most suitable tax regime for your Mobile Home LMNP activity
As soon as you start renting out your mobile home, it is essential to make the right tax choices by opting for the most suitable tax regime to your activity as a Non-Professional Landlord of Furnished Accommodation (LMNP). Thus, the Micro BIC Tax Regime and the Reel Tax Regime are available to you, each with very specific tax attributes.
Usually, the Non-Professional Landlord of Furnished Accommodation tax status (LMNP) with the Reel Tax Regime is aimed at owners of furnished accommodation with an annual income in excess of €72 ,600. However, you can opt for the Reel Tax Regime (to be determined when you create your LMNP activity) even if your income is less than this amount. It is also advisable that you choose this tax regime for declaring your income from furnished accommodation as it is more advantageous in 90% of cases.
Micro BIC Tax Regime
- Standard allowance of 50% on your declared rental incomes.
- Payment of social security contributions.
- Impossibility to deduct expenses relating to your LMNP activity.
- Impossibility to recover VAT on the purchase of your mobile home and its equipment.
Reel Tax Regime
- Possibility to deduct all expenses/charges relating to your LMNP activity.
- Possibility to take into account the depreciation of your mobile home.
- No additional tax to pay on your rental income.
- Possibility to recover 20% VAT on the price of your mobile home and on the purchase of equipment relating to your LMNP activity.
With LMNP status at Reel Tax Regime, you really benefit from all the particularities of this advantageous tax system, starting with the recovery of 20% VAT on a large number of your investments. In fact, the Reel Tax Regime allows you to opt for VAT liability for your activity as a Non-Professional Landlord of Furnished Accommodation and thus to recover the amount of VAT on the purchase of your mobile home including taxes and on various other expenses linked to your LMNP status.
In addition, you will make significant tax savings on your mobile home rental income because the Reel Tax Regime gives you the possibility of deducting from your mobile home rental income all your annual expenses and charges including : the purchase of supplies and equipment, the rental price of the campsite plot, the costs of maintaining and repairing the mobile home, the insurance of the mobile home, the amount of loan interest, the rental management fees, the consumption of water, gas and electricity.
Finally, LMNP status at the Reel Tax Regime allows you to depreciate the value of your mobile home in order to achieve a tax-free result.
Conversely, the Micro BIC Tax Regime will only grant you a standard allowance of 50% on your rental income and will not allow you to deduct any of your "real costs". As a result, you will be taxed on 50% of your rental income (not subject to the standard allowance) and will have to pay social security contributions set at 17.2%.
As you will have understood, the choice of the Reel Tax Regime is THE most advantageous solution for your taxation of a Non-Professional Landlord of Furnished Accommodation.
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Benefit from comprehensive support to secure your investment
In order to ensure that all the steps inherent to your LMNP status are carried out in a compliant manner, it is very important to surround yourself with a specialist, such as Mobil Home Serenity, to carefully monitor the administrative management of your mobile home rental activity.
Indeed, the taxation of Non-Professional Landlord of Furnished Accommodation, under the Reel Tax Regime, is subject to specific and complex procedures. Consequently, it is totally inadvisable for you to manage your LMNP status alone, at the risk of finding yourself confronted with serious moral and financial difficulties about the French tax authorities.
At Mobil Home Serenity, we are well aware that all the procedures related to personal taxation can appear difficult and that the expertise required to achieve the desired result is a rare and precious resource. This is why we offer you complete and secure support throughout your LMNP activity, providing you with tailor-made advice and services to optimise your mobile home purchase!
Furthermore, as the world of campsites is a totally different sector from that of real estate, be sure to select a LMNP status specialist who is familiar with all the workings of the tax system for mobile homes.
With a reputation that has evolved over 15 years and approved by thousands of customers and professionals in the camping sector (groups, chains, independent campsites), Mobil Home Serenity is today considered as a market leader and LMNP status expert for outdoor accommodation and provides highly prized assistance to French and international mobile home owners.
Why choose Mobil Home Serenity ?
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« J'ai découvert MOBIL HOME SERENITY lors de l'achat de mon Mobil Home. Je dois avouer que je ne connaissais pas la LMNP. Avec votre aide, j'ai mis en place ce statut pour mon activité de location et maintenant tout ça fonctionne parfaitement. Avec "mon compte" sur la plateforme Mobil Home Sérénity, toute la gestion de mon Mobil Home se fait en un clin d’œil. De plus, à chaque appel vers votre hotline, j'obtiens immédiatement toutes les informations souhaitées. Un grand merci à toute l'équipe. »
Luc B.
30/08/2018