24 rue July, 83000 Toulon

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Phase 6 · Year-End Closing and Taxation

Deductible Expenses

Only for actual expenses, and based on retained supporting documents.

Disclaimer. The concierge services agreement expressly excludes any obligation to provide tax advice. This page describes a general framework and does not constitute personalized advice. Your specific circumstances—tax residency, ownership structure, debt, and other income—may completely alter the conclusions drawn herein.

Category

Examples

Rental Management

Our fees, rebilled housekeeping and laundry flat rates, and platform commissions

Funding

Loan interest, loan insurance, application fees

Property Expenses

Condominium fees, property tax, non-occupant homeowner's insurance

Fluids and Subscriptions

Electricity, water, gas, internet

Interview

Repairs, maintenance, small equipment

Business Expenses

Accounting, business property tax, documented travel expenses

Depreciation and Amortization

Real estate, furniture, and home improvements

Repairs and maintenance: fully deductible immediately.
Improvements and additions: not immediately deductible, but subject to depreciation.

Replacing a boiler with an identical model is a repair. Installing an air conditioner where there wasn't one before is an improvement. The line between the two is sometimes blurry and should be discussed with your accountant.

Travel expenses for visiting the property: permitted, but must be justified and reasonable
Mixed-use development combining owner-occupied and rental units: a priority
Work completed before the property is rented out: different rules apply; to be reviewed on a case-by-case basis

Keep everything for ten years. Without supporting documentation, a charge cannot be substantiated in the event of an audit.
The business property tax is tax-deductible.
Do not claim any deductions on your tax return. The standard deduction is considered to cover everything; claiming a duplicate deduction will almost certainly result in a tax assessment.

6.3 Reporting on an actual basis 6.5 Business Property Tax 7.4 Improvement Projects

Updated as of July 27, 2026. Describes the concierge service contract, Version 4. The contract and its appendices take precedence over this content, which is provided for educational purposes only.

The “management” services mentioned on this website refer exclusively to property management and concierge services, provided on a service basis. Loca’Zen Toulon does not engage in real estate activities as defined by the Hoguet Act and does not hold a professional real estate management license (Carte G). Consequently, the collection of rent and security deposits is handled directly by the property owner.

Loca’Zen provides concierge services and manages short-term rentals (furnished tourist rentals) in Toulon, and does not act as an intermediary within the meaning of the Hoguet Act for real estate management transactions.