France to curb tax benefits for non‑professional furnished rentals
The French government announced plans to reduce tax advantages for non‑professional furnished rentals, including those listed on platforms such as Airbnb, by limiting depreciation deductions under the LMNP regime.1
The new rules would cap depreciation at 2.5% of a property's value, up to €7,000 per year per taxpayer, and lower the rate for tourist rentals to 1.5% with a €5,000 ceiling, measures expected to generate about €200 million in additional revenue, while a 2024 report noted that 68% of LMNP landlords currently do not pay tax on rental income.1