The Non-Professional Furnished Rental (LMNP) status is undergoing its deepest transformation since its creation. However, contrary to the alarmist rumors that circulated in late 2025, it is not disappearing. Successive reforms — 2025 Finance Act, Le Meur Law (anti-Airbnb), 2026 Finance Act — are recalibrating its benefits but preserving the essentials: the possibility of generating rental income with little or no tax during the ownership phase.
In 2026, the savvy investor must understand the new rules of the game to continue taking advantage of a framework that remains, in most cases, more efficient than unfurnished rentals.
| Indicator | 2026 Value | Trend |
|---|---|---|
| Micro-BIC ceiling for classic furnished rentals | €77,700 | Unchanged |
| Micro-BIC ceiling for unclassified tourist rentals | €15,000 | ↓ compared to €77,700 previously |
| Micro-BIC allowance for unclassified tourist rentals | 30% | ↓ compared to 50% |
| Micro-BIC allowance for classified furnished rentals | 50% | Unchanged |
| Building depreciation period | 25 to 40 years | Unchanged |
| Furniture depreciation period | 5 to 10 years | Unchanged |
| Income tax exemption on capital gains | 22 years of ownership | Unchanged |
| Social security contribution exemption | 30 years of ownership | Unchanged |
| Social security contributions | 17.2% | Unchanged for LMNP income |
| BIC deficit carry-forward | 10 years | Unchanged |
This is the most structural measure. Since February 15, 2025, depreciation deducted during the ownership period of an LMNP property under the "régime réel" is reintegrated into the taxable capital gain base upon resale. Specifically, the more you have depreciated, the higher the taxable capital gain climbs at the time of disposal.
Numerical example: for a property acquired for €250,000 and sold for €350,000 after 12 years with €80,000 in accumulated depreciation, the taxable capital gain increases from €100,000 to €180,000, representing an additional tax cost of approximately €29,000 at the 36.2% rate.
Good news: student residences, senior housing, and nursing homes (EHPAD) are totally exempt from this reintegration.
For 2026, LMNP depreciation is preserved: no 2% cap, the component-based system remains unchanged. An amendment filed in late 2025 aiming to limit building depreciation to 2% per year was not included in the final version of the text.
The Le Meur Law (No. 2024-1039) hits hard: mandatory Energy Performance Certificate (DPE), town hall registration, possible municipal quotas, and above all, a drastically reduced micro-BIC for unclassified rentals.
| Criterion | Micro-BIC | Régime Réel Simplifié |
|---|---|---|
| Revenue ceiling | €77,700 (€15,000 for unclassified tourism) | None |
| Allowance / Deduction | Flat 50% (or 30%) | Actual expenses + depreciation |
| Accounting | Very simple | Mandatory tax return (Liasse fiscale) |
| Loan interest deduction | No | Yes |
| Property depreciation | No | Yes |
| Deficit carry-forward | No | Yes (10 years) |
| Relevance in 2026 | Low rents, few expenses | Recommended in 85% of cases |
Despite the reforms, several pillars of the LMNP remain intact and continue to make it a powerful wealth-building vehicle:
The golden rule is now simple: an LMNP should be considered for at least 20 years. This is the best defense against the new exit taxation.
Student housing, senior residences, nursing homes (EHPAD): these assets escape the reintegration of depreciation and often offer a secure commercial lease. This is undoubtedly the most protected segment in 2026.
For €200 to €400 over five years, classification allows you to keep the €77,700 ceiling and the 50% allowance. The return on investment is immediate.
With a micro-BIC at 30% for unclassified properties, the "régime réel" becomes advantageous as soon as expenses exceed 30% of revenue — in other words, almost always.
Article written in April 2026. Tax information evolves rapidly: before any investment, a personalized simulation with a professional remains essential. For support with your project, discover the brand to contact for investing in LMNP in 2026.
