The French budget was approved on December 29, 2023. The income tax brackets, ceilings, and allowances, as mentioned in our November 2023 bulletin, haven’t changed.
However, some new measures were introduced during the review process.
One major update, as anticipated, is a stricter tax regime for French furnished lettings, aimed at addressing the housing crisis in crowded areas. These changes are retroactive, meaning they’ll impact rental income earned in 2024.