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Immeuble haussmannien - revenus locatifs

Rental Income: Micro-Landlord Scheme or Real Tax Regime — Which Option for Property Owners?

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When declaring rental income, landlords in France generally choose between two tax systems: the micro-landlord scheme (micro-foncier) or the real tax regime (régime réel). Each option has specific advantages depending on your income level, expenses, and wealth strategy.

Introduction

The Micro-Landlord Scheme: Simplicity Above All

The micro-foncier regime applies automatically to landlords whose annual gross rental income does not exceed €15,000.

Under this system:

  • rental income is declared on a simplified basis,

  • a flat-rate deduction of 30% is automatically applied to cover expenses,

  • taxation applies to the remaining 70% of the income.

Main advantage: simple and automated management.
Limitation: no deduction of actual expenses is possible, even if they exceed 30%.

This regime may be suitable for landlords with low expenses and limited management complexity.

The Real Tax Regime: An Optimized Approach to Rental Income

The real regime applies to:

  • investors receiving more than €15,000 in annual rental income,

  • or those who voluntarily opt for this regime.

Under this system, landlords declare their net rental income after deducting actual property-related expenses, including:

  • property management fees,

  • insurance premiums,

  • property tax (taxe foncière),

  • non-recoverable condominium charges,

  • renovation and maintenance expenses,

  • mortgage interest linked to property financing.

When deductible expenses exceed rental income, the landlord generates a property deficit (déficit foncier).

Property Deficit: A Powerful Tax Lever

The property deficit allows:

  • deduction of up to €10,700 per year from overall taxable income,

  • carryforward of any excess onto rental income for the following 10 years.

The real regime is particularly well suited to long-term wealth strategies, properties requiring renovation, or highly taxed landlords seeking to optimize their real estate taxation.

Micro-Landlord or Real Regime: How to Decide?

Even if you qualify for the micro-foncier regime, you may opt for the real regime when filing your tax return.

This option is particularly relevant when:

  • your actual expenses exceed 30% of rental income,

  • you are undertaking significant renovation works,

  • you wish to optimize your real estate tax strategy.

Important: opting for the real regime is irrevocable for three years and then renews automatically.

Description

Tailored Wealth Advisory with Vaneau Gestion Privée

Vaneau Gestion Privée, the wealth management division of the Vaneau Group dedicated to real estate and financial asset management, supports property owners and investors in:

  • choosing between micro-foncier and the real regime,

  • optimizing rental income,

  • structuring and enhancing real estate assets.

Our experts provide guidance tailored to your tax situation, investment objectives, and overall wealth strategy.

Our wealth management advisors are available to answer all your questions at +33 (0)1 45 03 80 95 or via email at service-client@vaneaugp.fr.

 

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