Taxation
LMNP vs Nue-Propriété Simulator
Compare rental cash flow under LMNP réel with a French bare-ownership investment that rebuilds full ownership later.
Your inputs
Results
LMNP annual post-tax cash flow
€10,650
LMNP taxable income after depreciation
€4,500
Nue-propriété purchase price
€227,500
Nue-propriété annualised value return
4.97%
Deductible LMNP depreciation
€7,500
15-year LMNP cash flow
€159,750
Full-value estimate at term
€471,054
LMNP vs Nue-Propriété Simulator: How this estimate works
LMNP réel can deduct eligible expenses and limited accounting depreciation against furnished-rental income. A nue-propriété buyer receives no rent during usufruct, generally buys at a discount, and recovers full ownership at the end. They are different strategies, so this simulator compares cash flow and terminal value rather than claiming a universal tax winner.
- 1Enter full value, expected rent and annual LMNP economics.
- 2Enter the bare-ownership discount and usufruct term proposed in the contract.
- 3Compare annual cash income with capital value at the end of the term.
Official source: Impots.gouv.fr: LMNP tax regimes. Rates and rules can change. Last reviewed August 2026.