Finance: End of the Airbnb tax niche! Here’s how to protect your income.

On July 8, 2024, the Council of State annulled a favorable tax provision for Airbnb-type rental property owners. This measure, which allowed for a tax deduction of up to 71% on rental income for 2023, has now been abolished. 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!

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

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

Solutions to protect property owners 

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

• Immediate income receipt: Property owners who place their property under Globees’ management immediately receive the equivalent of one year’s rental income negotiated in advance. This feature will be implemented after the platform launch, securing their income and allowing for better financial planning.

• Comprehensive management: Globees handles all aspects of rental management, including reservations, key handover, cleaning, and dispute resolution. Owners no longer have to worry about administrative and logistical tasks.

• Accurate tax prediction: thanks to their service, owners can accurately predict the taxes to be paid at the beginning of each year, which limits stress related to tax uncertainty and unforeseen financial costs.

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

The recent decision by the Council of State, annulling the tax deduction for Airbnb rentals, disrupts owners’ finances. Faced with this new reality, Globees offers a comprehensive and secure rental management solution. By offering guaranteed income and stress-free management, Globees helps owners navigate this changing tax context calmly.