As I write it is the last day of the UK 2025/26 fiscal year - the date being another reminder that the UK likes to do things differently. Who else would use a tax year dating from centuries ago.
Can you do your 2025/26 UK tax return yourself without the help of a Qualified Accountant? The answer is yes - but with an important "twist" if you are not resident in the UK.
Finally, the last part of this blog series – taxation of gites as a Louer en Meuble Professionnel. This only applies if (a) your gross turnover is over 23000 Eur/year and (b) furnished rentals are the largest part of your active income.
In an earlier blog post I noted the difference between LMNP and LMP. I will talk first about the tax Implications of LMNP. The concept of LMNP is that the gite business is business income.
As I considered it, the tax section splits more logically into three - doing specific tax treatments after another key question. This is "Am I a professional landlord?"
A short break from Gites today...another watchout for you on Uk vs French tax.
My last post touched on whether you can validly run a Gite. Before we even talk about tax, the next question is "should you run a gite?"
Given our other business is running Gites in Normandy, it seemed topical to do a few posts on Gites: CAN you run a Gite, SHOULD you run a Gite and then a Gite owners view on GITE TAX. For what should be a "tame" topic the politics of Rental property ownership/perceived shortage of accommodation in big cities is making...
You may now be planning your 2025 French tax return and maybe your 2025/26 UK tax return. It is important to get them right. I talked earlier in my blog about residence and why it matters for tax. Instead of tax "mumbo jumbo" some numbers may be easier…
As reading through lots of stuff on Tax is likely not most people's idea of fun (its not mine either actually - more a professional necessity) the lovely Cat and I recently did a podcast talking about some key points on Residency and what you put on each set of tax returns. Click on the link to access on Survive France...
