← Back to Real Estate Investment Advisory
French Furnished Rental Tax Guide: Maximizing Depreciation under LMNP Status
Learn how foreign and domestic investors utilize the French LMNP regime to legally offset rental revenues against property depreciation.
Discipline: Tax Structuring • March 4, 2026
French Furnished Rental Tax Guide: Maximizing Depreciation under LMNP Status
The Non-Professional Furnished Lessor (Loueur en Meublé Non Professionnel - LMNP) is widely recognized as Europe’s most advantageous property tax structure.
1. Accounting Depreciation (Amortissement)
Under the Régime Réel Simplifié, property owners write off:
- Building structure (excluding land value) over 25 to 30 years.
- Interior renovation and plumbing systems over 10 to 15 years.
- High-grade furniture and appliances over 5 to 7 years.
2. Tax-Free Rental Income
In practice, accumulated depreciation and deductible loan interest can offset net rental revenue for 10 to 18 consecutive years, resulting in zero French income tax on yields.