French tax authorities are enforcing a new law requiring all property owners to complete a one-off declaration known as the Déclaration des biens immobiliers. While compliance rates among individual owners are high, large businesses lag behind. Starting this year, fines of â¬150 per property will be imposed on those who fail to meet the declaration requirement. The deadline for submission is the end of June, and the declaration includes details on property usage, distinguishing between main residences and rental properties. The tax authority has reported a 90% completion rate overall.
French tax authorities will begin issuing fines to property owners who have not completed the required Déclaration des biens immobiliers, starting this year.
Currently, 90 percent of property owners have completed the declaration, but compliance is notably lower among large businesses compared to small property owners.
Fines for failing to complete the declaration will be set at â¬150 per property, which applies to all property owners in France, including foreign owners.
The déclaration is a one-off requirement, distinct from the annual income tax declaration, and involves reporting property details and usage.
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