French tax

How do French tax declarations work with Leboncoin income?

Reader question: I regularly sell items on Leboncoin and Vinted. I don’t make a lot of money, but do I have to report it for this year’s tax return?

Websites such as eBay, Vinted or Leboncoin are popular in France and are used by millions of people to buy and sell everything from clothes to cars.

In terms of reporting income from these sites, it depends on what you are selling and whether you are making a profit.

Sell ​​items you make or items you have purchased to resell for a profit

If you earn income from these sites by making and selling items or buying and reselling items, that income must be reported.

Note that online platforms based in France have a legal obligation to inform you about tax obligations and also to send you a summary of your income on the site for the previous year. This is sent around the beginning of the year.

The sites are also required to declare your income to the tax authorities if the sums you have received are greater than €3,000 or if you have carried out more than 20 transactions on the site in the year. These limits are per platform.

If you exceed these ceilings, these incomes will be indicated to you on your income tax declaration – but this is for your information and you do not necessarily have to report the figures in the main boxes of the declaration. It is up to you to decide what is reportable based on your personal circumstances.

This income is generally reportable as micro-Bic income, unless you opt for taxation under the real diet (unlikely when it is an additional income and not a main activity).

Sale of second-hand items (non-profit)

You do not need to declare if you sell your own everyday items, e.g. used clothes or

old books or electrical appliances.

Essentially, there would only be reportable income here if you were deemed to have realized a capital gain, but in the vast majority of cases you will likely be selling less than you paid for the item.

Expensive works of art or antiques

There is an exception in the case of the sale of antiques, works of art, precious metals and jewelery and similar valuables and collectibles.

In some cases, these are declarable – and payable – on special forms in the month following the sale, either for flat-rate taxation or under the ordinary regime of capital gains on the sale of goods known as “movable property”. ” (in French law, this means everything you own apart from buildings and land) if you have papers to prove the gain.

With the exception of precious metals, where all sales are taxable, this only applies to sales over €5,000.

Capital gains are also transferred to box 3VZ of Form 2042C or the main online annual return to count towards your overall net income for the year. Sales of common household equipment or household appliances and appliances are not affected.

To find out more about income tax reporting in France, download our cheat sheet, Income tax in France 2022 (for 2021 income). As a downloadable digital guide, priced at €14.90, it was last updated on April 8. Order your copy here

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