The verdict fell for landlord owners who have opted for the status of non -professional furnished rental (LMNP). The 2025 finance law has planed the tax advantages of this very advantageous scheme. “We have been alerting our customers for several years to the fact that this device is on the hot seat, reports Amaury Demarta, boss of Millennium private management. The LMNP is a kind of anomaly, a preferential regime in relation to the tax treatment of property income for bare rental. “To claim, it is necessary to meet several criteria. The property must be furnished, that is to say having all the equipment provided for by law. Then, income related to rents must not exceed 23,000 euros per year or 50 % of the overall tax income.
It allows, on condition of opting for the so -called “real” regime, to deduct its charges (taxes, insurance, acquisition costs, maintenance work, etc.) rental income, but also to amortize its property. So many deductions that lead to a zero or very low result for many years, and therefore a tax at zero. “On bare rental, it is possible to deduct its charges and possible loan interests but the balance is imposed on the income tax scale and social security contributions, which can rise up to 60 % for the most imposed homes, recalls Laurent Desmoulière, director of the heritial engineering of Financière Meeschaert. On the contrary, furnished, we can avoid tax for about ten years. Acquired on credit, this allows us to allocate all rents to the reimbursement of the debt. ”
Bad news for the seller, these depreciation must now be reintegrated in the calculation of the capital gain during the sale of the property, with the exception of service residences. Donation and succession, on the other hand, are not affected.
No change for the long -term investor
In practice, past depreciation will be deducted from the price of acquiring housing, with the effect of mechanically increasing the taxable capital gain at the rate of 19 % and social security contributions (17.2 %), to which can be added an additional tax for capital gains greater than 50,000 euros. “It is the tax regime for real estate capital gains of the individual who applies, underlines Aurélie Sultan, lawyer in heritage taxation, partner of the firm remain lawyers. This provides abatements for duration of detention, which make it possible to lead to an exemption from income tax after twenty-two years of detention and social security contributions. Thus, nothing really changes for long -term investors. The owners who praise furnished under the micro-BIC regime (industrial and commercial profits) could also be affected by this reform since the flat-rate reduction is deemed to take into account the depreciation practiced. “Also, the implementation of this reform can be delicate and the details of the tax administration are expected with interest”, specifies Aurélie Sultan.
Nevertheless, the furnished rental remains more advantageous than the bare rental. “Throughout the lifespan of the rental investment, the owner will continue to be able to deduct the depreciation of his income and thus reduce his taxation, underlines Amaury Demarta. For households with high incomes, this represents a significant economy of tax.”
This reform follows the law Le Ménerie, which has already hardened the treatment of non-professional furniture rentals for seasonal rentals: since January 1, the income ceiling to claim at the micro-BIC has been lowered to 15,000 euros and the rate of deduction at 30 % (compared to 50 % before) for unopassed furnished furnished. “This rule encourages donors to switch to the real regime which is fiscally more advantageous even if it is binding from an administrative point of view,” notes Laurent Desmoulière. These developments are perhaps only a first step before a more drastic overhaul of the regime.