France LMNP Amortization Reform Raises Exit Tax
Amortization deductions that once reduced taxable income to near zero now inflate capital gains when you sell, forcing French STR investors to rethink their exit strategy.
French STR operators who use the LMNP (Loueur en Meublé Non Professionnel) régime réel now face a significantly larger tax bill when they sell. Since 15 February 2025, every euro of amortization deducted during the rental period is reintegrated into the capital gains calculation at disposal. For an operator who bought at €200,000, deducted €50,000 in amortization, and sells at €250,000, the taxable gain doubles from €50,000 to €100,000 (Blog Miimosa, July 2026).
What changed
Caught by the Regulation Radar
Francesweeping 36 marketssources checked 19 hours ago
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