What is our tax situation as owners of holiday rental properties in France?
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We are a British couple based in England. In 2014 we bought two studios in France. One is in Collioure and the other is in Monêtier-les-Bains. The plan is to rent them out as much as possible to cover costs. We’re not planning to start a business in France.
Bookings for Collioure have been very encouraging. We forecast that gross receipts for 2015 will be around 9,000 euros. Against that are the service charges of around 3,000 euros cleaning costs, advertising costs etc. Before depreciation there should be a net surplus of about 4,000 euros. Bookings for Monêtier have been poor. Gross receipts will only just cover the running costs. What tax regime in France should we opt for?