Bonjour Olivier,
Can you please advise me svp.
I pay income tax in France for the first time this year.
I have a small house in a mountain ski station and have had a few rentals when I am not there, it is my primary residence.
I am not sure if is worth my while as I am concerned that any revenue I make will be added to my income and could push me into the next tax bracket.
I could potentially make about 5000 euro in income in less than 120 days.
The home is fully furnished primary residence that I renovated last year, spending 40,000euro on the renovation, could I deduct any of last years expenses off against the income?
I understand the tourist tax I would have to pay to the Marie.
I am wondering if the income generated falls into the same category of income tax and added to the income I make and taxed accordingly or if it is taxed seporately at a specific rate?
Merci