Cambornecarper Posted August 8, 2005 Share Posted August 8, 2005 Hi all I realise that all peoples situations are different but has anyone any ideas as to how much one can earn before any tax is payable on income form gites. my situation would be no morgauge. no property in uk rented out, just solely reliant on income from 3/ 4 gites ??? Link to comment Share on other sites More sharing options...
Eslier Posted August 8, 2005 Share Posted August 8, 2005 As this will be your main business and you will be resident in France, you will need to register as a business. There are a number of different options open to you and to get the most beneficial regime it would be prudent to talk to a French accountant. Registering your business will also get you into the French social system for healthcare, pension etc.In all likelihood, you probably won't pay any tax at all in your first yea or so (with good accounting) but you will have to pay social charges and you most certainly wil need to make a tax return. Allow around 4,000€ to cover your social charges irrespective of how much or how little your income is. Assuming you are a couple, it may well be beneficial to register the business in one of your names only so that you don't both have to pay social charges.With three or four gites it should be quite possible to make a decent income and the accountants fees will be well worth what you spend. Accountants are much cheaper than in the UK, allow around 1000€ to cover business set-up, advice, end of year accounts and first tax return. Tell us where you are and you'll probably receive some recommendations for accountants. Link to comment Share on other sites More sharing options...
ChezShells Posted August 9, 2005 Share Posted August 9, 2005 HiDid post yesterday but seems to have disappeared.When we registered with our local tourism office we was told that we could earn upto 15k before paying tax and I think after 15k only 25% of earnings were taxable, not sure on that bit, cant remember but deffo upto 15k is tax free. Also with any renovations you can claim 25% of any costs, in 2 years that will be 50%All the above will probably vary with each department but its worth getting into contact with the tourism first and they can advise on anything that is required in the accommodation but a lot of it is just advice and not a must have. Link to comment Share on other sites More sharing options...
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