The gain is taxed at 19% plus 17.2% contributions; a main home is exempt. The holding period allowance eliminates the tax after 22 years and contributions after 30 years; on gains above EUR 50,000 there is a surcharge of 2 to 6%. From February 15, 2025, for LMNP under the réel regime, depreciation already deducted is added to the gain on sale.
What this changes in the calculation
When exiting a furnished let the gain is larger by the amount of depreciation; with a holding period of up to 5 years there is no allowance.
From January 1, 2025 (Le Meur law No. 2024-1039) unclassified tourist accommodation under the micro-BIC regime gets a 30% deduction for income up to EUR 15,000, classified accommodation 50% up to EUR 77,700. Mandatory registration through the national service applies no later than May 20, 2026; a main home can be let for up to 120 days a year, and a municipality may lower this to 90 (Paris 90 days). The fine for not registering is up to EUR 10,000.
What this changes in the calculation
In the French short-let model the taxable base is 70% of revenue instead of the former 50%, with a limit of 90 or 120 nights for a main home.
The deposit is 1 month unfurnished, 2 months furnished; the lease is 3 years (6 years for a company) unfurnished, 1 year furnished. Class G housing under the DPE cannot be let from January 1, 2025, class F from January 1, 2028, and below D from January 1, 2034; rents for classes F and G cannot be raised since August 24, 2022.
What this changes in the calculation
A class F or G apartment needs renovation before letting; in Paris and other zones rent is capped.
The treaty between France and Georgia was signed on March 7, 2007, has been in force since June 1, 2010 and also covers CSG and CRDS. Rental income is taxed in Georgia; France grants a credit equal to the French tax (the income counts only for the rate). France taxes the gain on a sale itself (19% plus contributions, with holding period allowances) and credits the Georgian tax; if a sale in Georgia after 2 years is tax free, the credit is zero. Interest is taxed only in France; dividends at source at 0, 5 or 10%.
What this changes in the calculation
For a French resident the Georgian 5% on rent is final; when selling an apartment in Georgia, add the French 19% plus 17.2% (or 18.6%) on the gain, less holding period allowances.
The 2026 IFI is charged on net real estate wealth above EUR 1.3 million on a scale of 0.5 to 1.5%; a non-resident pays only on French property; there are no changes in 2026. The vacant housing tax (TLV) in conurbations of 50,000 inhabitants or more: 17% of the rental value in the first year, 34% thereafter. A municipality may raise the taxe d’habitation on second homes by 5 to 60%; the taxe foncière is indexed by 0.8% in 2026.
What this changes in the calculation
An apartment left empty for more than a year in a large city triggers a separate tax; for a second home, take the taxe d’habitation into account.
Income from unfurnished lettings bears 17.2% contributions, furnished (LMNP) 18.6%. Under the micro-foncier regime there is a 30% deduction for income up to EUR 15,000. A non-resident pays income tax of at least 20% (30% on the part above EUR 29,579) or at the average rate on worldwide income; with health insurance in the EEA, Switzerland or the UK, contributions are 7.5%.
What this changes in the calculation
In the French rental model a resident’s burden = scale + 17.2 or 18.6%; a non-resident’s 20% + 7.5 or 17.2%.
From October 27, 2026 Hello bank! pays 2.80% a year on its 12 month Hello Max deposit for amounts from EUR 10,000 (previously 2.20%); the bank warns that the rate may change daily. From October 1, 2026 DISTINGO Bank raised its one-year deposit rate from 2.35 to 2.55%. Livret A stays at 1.70%.
What this changes in the calculation
The best euro deposit in France in the calculator is 2.80% instead of 2.35%.
From January 1, 2026 the PFU flat tax consists of 12.8% income tax and 18.6% social contributions (CSG raised from 9.2 to 10.6%, LFSS 2026, art. 12). Livret A, LDDS and LEP are exempt from the PFU; PEL, CEL, assurance-vie and income from unfurnished lettings remain at 17.2% contributions.
What this changes in the calculation
Nothing: the rate is 31.4% for deposits, government bonds, corporate bonds and funds; Livret A is 0%, and a PEA after 5 years pays only the 18.6% contributions.
The 2027 budget bill (No. 3210) was tabled on October 1, 2026; the finance committee rejected it and the floor debate is under way; the Senate votes on December 9, with a deadline of December 17. Article 7: LMNP depreciation of no more than 2.5% of value and EUR 7,000 a year (tourist accommodation 1.5% and EUR 5,000). Amendments abolishing holding period allowances and replacing the IFI with a tax on financial wealth were rejected on October 16.
What this changes in the calculation
Nothing yet; if article 7 is adopted, LMNP income is taxed more because of lower depreciation.