Furnished rentals: until 1 February 2020 to switch from micro-BIC tax system to real

The actual scheme (or simplified actual or actual profit) is compulsory beyond €70,000 2019 revenues for the rental of furnished accommodation and €170,000 for the rental of bed and breakfast and furnished tourism classified according to their level of comfort (via Atout France) and checked every 5 years. But below these thresholds, if you can report your income to the micro-BIC plan, you also have the option of choosing the actual plan. This means that you will declare your rents and deduct your expenses for their actual amount and no longer on a flat-rate basis. You will then have new obligations:

- obtain a Siret number ;

- pay the companies' property levy (CFE);

- depending on the situation, pay the company value added tax (CVAE) and VAT.

This change declaration must be sent before 1^er February 2020 by ordinary post to the company Tax Office (SIE) of the location where the rented accommodation is located. The new regime will then be applied for 2019 and 2020 revenues.