Latvian resident: letting a flat in Nice, tax and structure

What the tax treaty says

Treaty of 14 April 1997, in force since 2001. Rent (art. 6) and gains (art. 13) taxable in France.

How double taxation is avoided

Tax credit (art. 23). Latvia’s 10% gross regime covers property in Latvia; for property abroad the 25.5% or 33% scale may apply, less French tax.

On the French side: what you will pay

• Income tax at the non-resident minimum rate: 20% up to €29,579, 30% above (2025 income), or the average rate on option.
• Social charges: 7.5% (solidarity levy only) if you are covered by this country’s social security.
• Micro-BIC 2026: 30% allowance up to €15,000 (unclassified holiday let), 50% up to €83,600 (classified or mobility lease).
• Capital gains: 19% plus social charges, holding-period allowances. See taxation.
• Receiving rent: a French account is not required, a European (SEPA) account is enough. See receiving rent from abroad.

Latvia-specific taxes

• Mind the credit method: if your country taxes gross rent while the French result is low (actual-expenses regime, depreciation), a top-up may remain payable at home.

Declaring your Nice flat at home (Latvia)

• Rent received abroad means you must file the annual income return (“gada ienākumu deklarācija”) with the VID, through the EDS electronic system.
• Foreign income goes on appendix D2 (“ārvalstīs gūtie ienākumi”), one line per income type and per country, with the income tax paid abroad in its own column.
• Income and foreign tax are converted into euros at the accounting exchange rate in force at the start of the day of receipt; keep your French tax notice to support the credit.
• Deadline: in principle 1 June of the following year (filing opens on 1 March).

Form names and deadlines are those published by the country’s tax authority and change every year: have them confirmed by a tax adviser in your country.

What if you buy through an SCI?

No published doctrine was found on how this country classifies a French SCI (transparent or opaque): get local advice first.

Reminder on the French side: an SCI letting furnished becomes liable to corporate tax above 10% commercial receipts, and a company whose main activity is letting property must compensate from the first flat to get a change of use in Nice.

Which structure, generally?

Personal ownership (LMNP).

General guidance, to be confirmed with a tax adviser in your country and a French notary before buying.

Change of use, without travelling

No nationality condition: an owner living in Latvia applies like a French resident, usually under a power of attorney. We prepare and file your application for free, then manage the property in English, at 20% excl. VAT (24% incl. VAT) for short stays or 15% excl. VAT (18% incl. VAT) under a mobility lease.