Rental real estate: the new tax benefit of the private lessor is becoming clearer

Excluded capital

The Minister of Housing brought together the real estate sector Tuesday, May 20 to take a stage in the creation of a real status of the private lessor. Here’s what he could look like.

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Minus 40%. It is the fall in sales of new housing to private investors, in the first quarter alone 2025, compared to the same period of 2024. “A stone in the Bercy garden, which claims that, Pinel or not, the French will continue to buy to rent. Without the Pinel tax benefit (abolished on January 1, 2025), there are no more private investorsit’s clear and clear!», Growed Pascal Boulanger, president of the Federation of Real Estate Promoters (FPI), during a situation point, on May 15. However, without additional private landlords, no new housing to hope for on an already ultra-set rental market! This is why the FPI, like most other professional real estate federations, press the government to set up a real tax status of the private lessor.

For years that she claims this measure, the profession has never been so close to obtaining it. This Tuesday, May 20, the Minister of Housing, Valérie Létard, brought together around forty representatives of the housing sector to make “”a step on the implementation of the status of the private lessor ”According to a press release, before senator Marc-Philippe Daubresse and deputy Mickaël Cosson, who have been working on this subject for a few months, give him their report, mid-June. Decided at “Act quickly, as part of the finance bill for 2026”the minister wishes a “Simple and sustainable tax framework”.

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An accounting damping of the rented property

According to a source close to the file, the status of the private lessor could take the form of a accounting damping Royed, that is, its loss of annual value, which would be deducted from rental income. This damping would relate to 80% of the value of the property (the 20% balance corresponding to the value of the field), would amount to 4% per year, over 20 yearsand would be increased by a point for donors agreeing to rent their property at a price of 15% at the price of the market. The amortization would concern both the new and the old but only the new rental acquisitions made from the entry into force of the status of the private lessor, not the stock of existing rental goods. Finally, the depreciation would be integrated into the calculation of the capital gain, in the event of the transfer of the property.

“Nothing is validated, you have to wait for mid-June”replies the Ministry of Housing to Capital. Tuesday’s meeting was “A stage point, the minister wanted to remind everyone that it was important to find a consensus” Within the profession, while some would prefer a lump sum deduction to accounting depreciation, insists his office. “Almost everyone agrees on the need to set up lasting damping over 20 years”ensures Capital Marc-Philippe Daubresse. Who does not exclude making his report, with Mickael Cosson, from the end of May or very early June, “THE Budget arbitrations with Bercy on the PLF 2026 beginners in June ”.