This other tax form must be completed before May 20th, the deadline is the same for everyone

More than 700,000 French people have to think about this other tax obligation.

The deadline for filing your tax return is approaching ever closer. For some, it's even imminent, as the service will be closed within two weeks. Completing and submitting the form late will result in financial penalties. While this is the document relating to your salary, retirement pensions, and various expenses, there's another important document many French people shouldn't forget.

However, the deadline for completing this other form arrives much sooner than the others. Moreover, unlike the tax return, which is staggered according to one's department of residence, the schedule is fixed for everyone. The date is Tuesday, May 20.

This is form No. 2072. It concerns just over 700,000 taxpayers. What do they have in common that makes them have to complete this additional step? They own a real estate company (société civile immobilière), better known by the acronym SCI (Sci). In reality, this figure of 700,000 corresponds to the number of SCIs currently registered in France, corresponding to at least 1.4 million French people, since there must be at least two people to own an SCI.

The SCI (Société Civile d'Investissement) is used to acquire a property together, generally as a family, to avoid joint ownership: either the house or apartment is the primary residence, or it serves as a secondary residence or rental investment. In all cases, even if the property does not generate income, it is mandatory to complete a tax form. This form can be found on your personal account in the professional area of ​​the tax authority's website. Please note that this form is not linked to your other personal account from which you declare your income.

For SCIs subject to income tax (most cases when they are held by individuals), the online declaration is open until May 20. Even if you enter 0 in all the boxes because the SCI holds your primary residence, it is mandatory to complete it.

If the company generates income (rent), you must then report the share that is due to you in your personal tax return, in the property income section: either in box 4BE (micro-land regime), or in box 4BA (actual regime). Remember that an SCI cannot rent out furnished properties. It is then via your personal tax return that you will pay taxes on the income generated.