France Tax Agency Updates Administrative Doctrine on Application of Furnished Rental Regime to Nonresident Taxpayers

The French General Directorate of Public Finance April 15 updated an administrative doctrine on the application of the furnished rental regime to nonresident taxpayers. Topics covered include: 1) a clarification on how the professional status of furnished rental activities is assessed for taxpayers not resident in France; 2) the confirmation that the 23,000-euro (US$27,087) annual revenue threshold under Article 155 of the French Tax Code remains unchanged; 3) a modification of the assessment regarding the income predominance condition for nonresidents, requiring comparison with other earned income; 4) the specification that, for nonresident taxpayers, all income of the same nature as ...