Finance: End of the Airbnb tax loophole! Here's how to protect your income

On July 8, 2024, the Council of State canceled a tax provision that was advantageous for owners of Airbnb-type rentals. This measure, which allowed a tax reduction of up to 71% on rental income for 2023, is now removed. From now on, the taxation of these rentals will be aligned with that of unfurnished rentals. However, a question arises: how to ensure income through seasonal rentals?

Finance: the new tax law impacts rental income!

Owners of furnished seasonal rentals previously benefited from a 50% tax reduction up to €77,700 and 71% up to €188,700. The amendment reduced this reduction to 30% with an income ceiling of €15,000, aligning the taxation with that of unfurnished rentals.

This decision is not retroactive for 2023, but will impact revenues from 2024. Owners will see their rental income decrease and their profitability will lose visibility, making it difficult to predict taxes. This new tax situation represents a major challenge and significantly impacts their finances.

Solutions to protect owners

Faced with the challenges facing owners in this new tax context, Globees offers innovative rental management solutions to respond to this situation.

• Immediate receipt of income: Owners who put their property under management with Globees immediately receive the equivalent of one year of rental negotiated in advance. This feature will be implemented after the launch of the platform, and will allow them to secure their income and better plan their finances.

• Complete management: globees takes care of all aspects of rental management, including reservations, key handover, cleaning and dispute handling. Owners no longer have to worry about administrative and logistical tasks.

• Accurate tax forecasting: With their service, owners can accurately forecast the taxes to be paid at the beginning of each year. This limits the stress associated with tax uncertainty and unexpected financial costs.

By choosing Globees, owners benefit from a turnkey solution that offers them peace of mind and financial security. The objective of this seasonal rental platform is to simplify rental management while maximizing owners' income, even in a changing tax context.

The recent decision of the Council of State, canceling the tax deduction for Airbnb rentals, is disrupting the finances of owners. Faced with this new reality, Globees offers a complete and secure rental management solution. By offering guaranteed income and stress-free management, Globees helps owners navigate this changing tax environment with peace of mind.