There are obligations common to all furnished rental landlords. In other words, whether you are under the Micro-BIC tax regime, simplified real BIC, or normal real BIC, you must declare your activity.
But what does that really mean? Is it complicated? Who should I contact? Should I declare my furnished rental activity if I already have a SIRET number for an existing professional activity?
Here, we answer all your questions about declaring your LMNP activity.
As previously mentioned, to legally operate as an LMNP landlord, you must register as a furnished rental operator and obtain a SIRET number. To do this, you need to complete the well-known P0i form.
Filling out this form is not insurmountable; however, errors are common, particularly regarding the start date of the activity. Many people enter the date of the first rental when it is possible to indicate the purchase date or even the date of initial expenses related to the activity (e.g., furniture purchased before signing). Such an error can prevent the deduction of acquisition costs, which significantly increases the carryforward deficit.
In case of an error, it is possible to modify the activity via the P2P4i form, but this process is more complicated than the first, and the response time from the CFE (Business Formalities Center = Commercial Court Registry for LMNP) is often long.
Note: Do not confuse LA CFE (Business Property Contribution) with LE CFE (Business Formalities Center)!
To avoid errors, Qlower can handle your start-of-activity declaration for €100 (VAT included).
In summary, after completing the start-of-activity declaration, you receive SIREN and SIRET numbers.
A SIRET number comprises the nine digits of the SIREN, plus five additional digits corresponding to an internal classification number (NIC). For furnished rentals, your activity has one SIREN, and each rental property has a unique SIRET.
Your SIRET number is sent to you by INSEE on the Certificate of Registration in the Business and Establishment Directory.
The SIE (Business Tax Service) for your location will send you a form to complete and return (Form 751 SD). The administration gathers information about your establishment to prepare the future form for calculating the CFE (Business Property Contribution): Form 1447 C SD, available in your professional tax account at impots.gouv.fr.
Paperwork, paperwork, and more paperwork! Qlower provides dedicated advisory sheets to help you navigate these forms.
You can create your professional tax account once your SIREN is obtained. This account provides a secure messaging service dedicated to your exchanges with the tax administration.
Steps to create your account:
Once the account is created, the SIE will send you an activation code to finalize the setup.
Many wonder if the SIRET number obtained for their freelance work will be the same for their LMNP activity. This is not the case. However, the SIREN remains the same.
Think of the SIREN as the identifier for the person and their main activity, while the SIRET identifies the additional activities. They are linked to the same person, so the first nine digits remain unchanged.
If your LMNP activity is registered under a different SIREN, it does not have a significant impact. You will simply have a separate professional account at impots.gouv.fr for each SIREN.
If you started your LMNP activity alone and later purchase a property in joint ownership (or vice versa), the SIREN numbers assigned to these two establishments will differ. You will then have a dedicated professional account for each property.
Feel free to contact Qlower experts if you have questions about the conditions for obtaining LMNP status!
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