Excluded Capital
The proposed law aimed at “rebalancing the rental market” will be examined by the joint joint committee a priori on October 28. The objective: to promote long-term rentals to the detriment of Airbnb
© Daniel Krasoń/Adobe Stock
– “With this bill, we want to encourage bare rental all year round,” recalls Annaïg Le Meur.
Renters of furnished tourist accommodation, your taxation may soon be much less advantageous. The bill (PPL) from deputies Annaïg Le Meur (Together for the Republic, Finistère) and Inaki Echaniz (Socialists, Pyrénées-Atlantiques), aimed at “rebalance the rental market in tense areas”returns to Parliament. This text has already been adopted by the National Assembly and the Senate, with a single vote from each of the two chambers, the government having initiated the accelerated procedure on this PPL. But the joint joint commission (CMP), which should lead to a compromise between the version of the deputies and that of the senators, could not be held due to the dissolution of the National Assembly. “Last night, we had the date of the CMP, which will probably take place on October 28”indicates Annaïg Le Meur at Capital this Friday, October 18.
“With this bill, we want to encourage bare rental all year round,” recalls Annaïg Le Meur. The objective: to remedy the growing lack of housing for families in many areas, particularly in tourist regions, where landlords are tempted to rent their properties through Airbnb given the associated tax advantage. In fact, if you rent a bare property, you benefit from a 30% tax reduction on your rental income. If you rent it furnished, this reduction is increased to 50%.
Airbnb rental: increased taxation in the event of sale of accommodation
The tax reduction at the heart of discussions in Parliament
“We want to increase the tax allowance for bare rental beyond 30%, to 50% for example”in order to align it with that of furnished rentals, declares Annaïg Le Meur. The Senate preferred a alignment “from below”with a reduction of 30% for both bare rental and furnished rental. “The amount of the reduction will be at the heart of the CMP’s discussions”recognizes Annaïg Le Meur.
Another important measure provided for by the PPL, the submission of furnished tourist accommodation to the same obligations of energy renovation than bare rented goods. Namely the ban on renting a G thermal strainer from January 1, 2025, a constraint which will apply to F on January 1, 2028 then to E on January 1, 2034.
Taxation: MPs want to increase it on Airbnb rentals, not on furnished student accommodation
An anti-real estate speculation measure
The PPL also provides, for short-term non-professional furnished rentals (LMNP) – of which Airbnb is again part -, an integration of thedepreciation (the annual loss in value of the property) in the calculation of the capital gain on sale. This will inflate the amount of the capital gain and, therefore, that of the tax to be paid on it. The objective being, here too, to remove a tax advantage from short-term furnished rentals, to encourage landlords to rent their properties for long periods, and partly alleviate the housing crisis.
The government went further in the finance bill for 2025, by providing for this integration of depreciation in the calculation of the capital gain on sale for all LMNP properties, whether they are rented on a short or long-term basis. long durations. A provision poorly received by student accommodation landlords, in particular. “This PLF article suits us”declares Annaïg Le Meur, emphasizing “that this is not an immediate tax but a measure anti-real estate speculation».
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