What is the position for an owner who rents furnished property?
A person renting furnished property (which is trade in France) and being taxed under Micro-Bic falls under the new rules (not the professional regime) provided they are not a professional landlord; that is, have registered with the Commercial Registry and generate a certain income. The rules on taxing professional landlords have changed slightly but essentially the property is still exempt from French CGT after five years of letting. It is accordingly likely to be better to register as a professional landlord but advice in this area is essential.
