You've heard of it, but don't really know what it is?
Alsace Conseil Courtage tells you all about operationthe risks but also tax benefits LMNP.
- Tourist and business residences
- Nursing homes
- Student residences
- Serviced senior residences
- The purchase of the apartment/property is tax-free
- You can take advantage of the depreciation system, which allows you to wipe out all tax on the rental income you earn!
- You avoid all the worries associated with managing a tenant: unpaid rent, vacancies, damage to your property, co-ownership charges. The landlord guarantees the rent and ensures that your property remains in the condition in which you bought it. We can help you choose the best one to secure your investment.
- You build up your assets and acquire a property to prepare for your retirement without too much effort!
This project involves a large number of participants These include the owner (you), the tenant, the landlord manager, the asset manager (your rental investment adviser), the broker (your finance adviser), the banker and the solicitor.
Alsace Conseil Courtage teams include various specialists so that you can be accompanied from find your property until its funding.
Your broker will know advise you at best at every stage of your project (taxation of capital gains, choice of taxation method, declaration to the tax office, procedures in the event of inheritance, etc.)..
In short, a single intermediary and greater simplicity for you, the customer.
The tax advantages of LMNP
Capital gains on real estate are taxed in accordance with the rules applicable to private individuals.
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Although the legal status of furnished lettings is a civil status, income from furnished lettings is considered to be taxable income. BIC (Industrial and Commercial Profits).
The taxation of furnished tenants is therefore very similar to that applicable to retailers.
Income from furnished rentals is determined according to the rules of accounting and commercial taxation:
- Revenue excluding tax (Rental income excluding VAT)
- All charges and costs incurred for operating requirements (maintenance and repairs, co-ownership charges, property tax, accountancy fees, etc.).
- Loan interest
- The amount of depreciation that makes the tax result negative is ". stored "to be used later with no time limit.
When you inherit, your property will be passed on to your heirs who will continue the tenancy at least until the lease is renewed at the end of which they can give notice to leave for one of the the following three reasons :
- the sale housing,
- the recovery the property to live in or to accommodate his or her spouse or partner under a civil union or his or her notorious cohabitee for at least one year, his or her parents or children (including those of his or her spouse or partner under a civil union or notorious cohabitee),
- in the event of unpaid rent by the tenant.
The lease contract is therefore not affected.
The financial year will be closed on the date of your death (preparation of the annual accounts: balance sheet, profit and loss account, tax return and its appendices).
If you have taken out a loan to finance your purchase, theloan life insurance will be activated, repaying the outstanding capital on the current loan.
This allowance will be considered as a exceptional income and taxed at your marginal tax rate plus social security contributions.
If you have non-professional furnished lettingsthe capital gains will not be taxed as in the case of a donation. Only the free transfer (donation or inheritance) are payable by the tax authorities.
However, if you have professional lessorthe capital gains are taxed including as part of a free transfer (donation). In this case, transfer duties are also payable.
However, capital gains can be fully or partially exempt if you have been running your LMP business for at least five years.
Are you convinced of the benefits of investing in LMNP?
Are you paying too much tax and looking for a solution?
Are you a saver looking to invest for your future?