LMP/LMNP: 2025 tax changes
The furnished rental framework changed in 2025. Here is what it means for investors.
The furnished rental framework (LMP and LMNP) changed in 2025 and directly affects real estate taxation.
Key updates
The 2025 finance bill changed how LMNP depreciation is treated. Depreciation claimed over time now reduces the acquisition value when calculating capital gains on sale.
Impact for investors
If you already operate under LMNP, your depreciation strategy should be reviewed before any disposal. In some cases, switching to LMP can become more efficient.
Our recommendation
Run a full tax review before making decisions. Our firm has supported LMP/LMNP investors for over 35 years and can structure the most suitable approach for your profile.
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