Can I deduct my mortgage repayments under LMNP?

Only the interest part of each instalment, plus loan insurance. The capital repaid is never an expense: depreciation of the property plays that role, on a different logic. The bank’s amortisation schedule gives the split month by month, and that is what you follow to book the year’s interest.

A €400 piece of furniture: expense or depreciation?

An item whose unit price does not exceed €500 excluding VAT can be expensed in the year of purchase as small equipment, so a €400 piece is an expense. The exception is a set bought together, such as a table with its chairs or a kitchen on several invoices: the whole set is capitalised and depreciated over 5 to 10 years.

Should I declare the net payout from Airbnb or the gross amount?

The gross. What the guest pays is income, and the commission kept by the platform is a deductible expense. Recording the net distorts your thresholds: the micro-BIC and Urssaf limits are calculated on gross receipts, commissions included, and the platforms report these gross amounts to the tax authorities.

Can I deduct flights to France to check on my rental?

Only when the trip is clearly made for the rental, such as supervising works or handing over to a new manager, and you keep evidence of its purpose. Holidays spent in the flat are personal use: not deductible, and those days also reduce the share of other expenses you can deduct.

Deductible expenses for LMNP: the full list

By Juliano Majally · 30 October 2026 · 7 min read

Everything an LMNP landlord on the régime réel can deduct in France in 2026, with account numbers, conditions, thresholds, and what doesn’t count.

Under the régime réel, an expense is deductible if it’s incurred for the rental, backed by a document, and belongs to the financial year. Here is the list as I keep it in Meublé, with the French chart of accounts numbers you’ll see in your FEC. The numbers are only there to help you find your way.

Financing

Loan interest (661100): only the interest part of each instalment, never the capital repaid. Your bank provides an amortisation schedule (échéancier); the app uses it to book the year’s interest.
Loan insurance (661600): deductible, instalment by instalment.
Arrangement and guarantee fees (627): deductible in the year they’re paid.

The property

Building service charges (charges de copropriété, 614): the regular calls for funds. Works voted by the owners’ association that improve the building (facade renovation, a lift) should in principle be capitalised, not deducted in one go.
Landlord insurance (propriétaire non occupant, 616), and home insurance if you pay it.
Taxe foncière (the annual property tax, 635): in full for a tourist rental. The household waste collection tax included in it too, unless you recharge it to the tenant.
CFE (the local business tax, 635): due from the second year of activity, notice issued in November, payable in December. See the CFE guide.
Energy, water, internet (606100, 626200): if the contracts are in your name and you don’t recharge them.
Maintenance and repairs (615): plumbing, locksmith, a fresh coat of paint, like-for-like replacement. Anything that extends or transforms (an extension, a completely new kitchen) is capitalised.
Small equipment (606300): crockery, linen, a lamp, a fan, anything costing less than €500 excluding VAT per item. Above that, it’s furniture to depreciate.

Running the rental

Platform commissions (622600): the Airbnb and Booking fees taken from each payout. Record the gross rent as income and the commission as an expense, not the net: that’s the rule, and it gives you the right thresholds (micro-BIC, Urssaf), which are calculated on gross receipts.
Cleaning and laundry (611 or 604): invoices from cleaners or the concierge service.
Listings, photos, subscriptions and software (623, 651): including your Meublé subscription.
Professional fees (622600): accountant, tourist rental classification, mandatory diagnostics.
Bank charges (627): if you have a dedicated account.
Travel (625): trips for check-ins, inventories or works, at the official mileage rate, with a record of why you went.
Social contributions (646) if you’re registered with Urssaf: see the €23,000 threshold guide.

A note for owners who live abroad: a flight from London or Stockholm to Nice is only defensible if the trip is clearly for the rental (works, a handover, a meeting with the managing agent) and you can show it. A week of holiday in your own flat is not a rental expense, and those days count as personal use.

And depreciation

It isn’t money going out, but it’s usually the biggest line: the annual depreciation of the building by component and of the furniture (681). It’s capped at the profit before depreciation by article 39 C, the excess being carried forward. Details in the depreciation guide.

What doesn’t count

The capital repaid on the loan.
Your personal spending, even if it went through the same account. In my own 2025 file, a repair on my personal car (€297.96) had slipped into the flat’s maintenance, and a fan paid €0 (with loyalty points) was counted at €34.99. A car is only deductible for the share genuinely used for the rental, with proof such as a mileage log, and as vehicle costs, not as maintenance of the property. Nobody will chase you for that amount, but in an audit, this is the kind of line you’re asked to justify.
Expenses for a period when you used the flat yourself or lent it free of charge: prorated by days.
Income tax, the 17.2% social charges, fines and penalties.
Extension, construction or reconstruction works: capitalise and depreciate them.
An expense without an invoice. A bank statement is not a supporting document.

Expenses spanning two years

An insurance invoice received in December for the following year is a prepaid expense (charge constatée d’avance, 486): it’s deducted in the year it covers. Conversely, a December cleaning invoice received in January is an accrued expense (charge à payer, 408) of the year that is ending. The app books these adjustments at year-end and reverses them automatically on 1 January.

What Meublé does

Meublé shows these expenses as plain categories and maps them to the chart of accounts behind the scenes, books loan interest from the bank schedule, and handles year-end prepaid and accrued expenses automatically.

Frequently asked questions

Can I deduct my mortgage repayments under LMNP?: Only the interest part of each instalment, plus loan insurance. The capital repaid is never an expense: depreciation of the property plays that role, on a different logic. The bank’s amortisation schedule gives the split month by month, and that is what you follow to book the year’s interest.
A €400 piece of furniture: expense or depreciation?: An item whose unit price does not exceed €500 excluding VAT can be expensed in the year of purchase as small equipment, so a €400 piece is an expense. The exception is a set bought together, such as a table with its chairs or a kitchen on several invoices: the whole set is capitalised and depreciated over 5 to 10 years.
Should I declare the net payout from Airbnb or the gross amount?: The gross. What the guest pays is income, and the commission kept by the platform is a deductible expense. Recording the net distorts your thresholds: the micro-BIC and Urssaf limits are calculated on gross receipts, commissions included, and the platforms report these gross amounts to the tax authorities.
Can I deduct flights to France to check on my rental?: Only when the trip is clearly made for the rental, such as supervising works or handing over to a new manager, and you keep evidence of its purpose. Holidays spent in the flat are personal use: not deductible, and those days also reduce the share of other expenses you can deduct.