LMP: Conditions for exemption from IFI for furnished rentals
The IFI is payable by individuals holding real estate assets with a net value exceeding €1.3 million, when these real estate assets are not used for a professional activity. As an exception, when the real estate assets are rented out as furnished accommodation that generates more than €23,000 in annual income, representing more than 50% of the tax household's income, they are considered a professional asset of their owner and the IFI is exempt.
11/04/2025