Property investment · 2026 guides
Which scheme
to your project
property?
Income today, wealth for tomorrow, tax to manage. Explore the options, understand the differences and put figures to your project.
01 · Revenus & location
Prepare rental income
Furnished, managed or unfurnished letting: start with the rent, then review the tax, the charges and the contract.
LMNP
Review charges and depreciation under the actual-expenses regime to assess the tax result and cash flow.
Understand and simulate →Location meublée géréeManaged LMNP
A furnished property, an operator, a project to be costed together.
Understand and simulate →Résidence servicesRetirement residence
Build a portfolio around a housing need and services.
Understand and simulate →Logement étudiantStudent residence
A home useful to students, an investment built on the local market.
Understand and simulate →Regulated unfurnished lettingIntermediate rental housing
Compare the 10% TVA rate, the rent cap and the holding and letting obligations of the structure.
Understand and simulate →Depreciation on unfurnished lettingJeanbrun private landlord status
Understand the depreciation deduction and the household ceilings for an eligible property.
Understand and simulate →02 · Works & tax
Invest and manage your tax position
Tax reduction or income deduction: the effects differ. Compare the address, the works budget and your available tax.
Loi Denormandie
Combining the renovation of an existing home with a long-term letting project.
Understand and simulate →Restauration & patrimoineLoi Malraux
Combining architectural restoration and buy-to-let investment in a protected area.
Understand and simulate →Protected assetsListed historic monument
Choose a protected building and build a wealth strategy around its restoration.
Understand and simulate →Unfurnished letting & worksProperty deficit
Renovate a home and build the works into your letting strategy.
Understand and simulate →Anah conventionné lettingLoc’Avantages
Make a home available at a controlled rent and assess the tax trade-off.
Understand and simulate →03 · Long-term wealth horizon
Building for tomorrow
If you do not need immediate rental income, a temporary split of ownership (démembrement temporaire) allows you to consider a different investment pace.
04 · Main residence
Buy the home you will live in
Check the grants and access conditions before setting your purchase budget.
Interest-free loan
Finance part of your main residence interest-free, subject to the conditions of the PTZ.
Understand and simulate →Purchase priceReduced TVA at 5.5%
Look into a price with reduced TVA for an eligible new home and eligible household.
Understand and simulate →Home and land bought separatelyBail réel solidaire
Buy the home with an OFS that keeps the land ownership separate, subject to means testing and with a fee payable.
Understand and simulate →Total budgetNotary fees on new-build properties
Allow for acquisition costs when comparing the property price with your overall budget.
Understand and simulate →The mechanisms at a glance
Renovation: five approaches to compare
These schemes do not work in the same way for your tax and come with different conditions. Here are the first pointers to tell them apart.
| Solution | Mechanism | Project concerned | Timeframe / commitment |
|---|---|---|---|
| Denormandie | Income tax reduction | Eligible existing home with works, unfurnished letting | 6 or 9 years, extensions possible |
| Malraux | Income tax reduction | Restoration permitted in protected area | 9 years' unfurnished letting |
| Listed historic monument | Deduction depending on use and charges | Protected or similar building | Holding period of 15 years, with exceptions provided for |
| Property deficit | Offset and carry-forward of deficit | Unfurnished letting under the real-expenses regime, deductible works | Rental maintained after global deduction |
| Loc’Avantages | Income tax reduction on rents | Anah agreement and capped rent | 6-year agreement |
Choosing with the right benchmarks
Your questions about the schemes
A solution suited to your situation starts with a suitable property, a complete budget and a realistic timeframe.
Which scheme should you start with to invest?
Start with your objective: immediate income, renovation and tax, or future wealth. Your budget, time horizon, need for management and available tax then guide the comparison. The scheme does not replace analysis of the property.
What is the difference between a tax reduction and a deduction?
A tax reduction lowers the tax calculated, within its limits: this is the case for Denormandie, Malraux and Loc’Avantages. A deduction reduces taxable income: the effect depends on your tax band and the attribution rules, as with the property deficit or certain Monument historique charges.
Are managed LMNP, senior residences and student residences three tax niches?
Managed LMNP describes an operating model, and senior and student residences describe property types. The tax framework depends on the actual furnished letting, the contract and your situation. The dedicated simulators use the same LMNP real-expenses regime when these conditions are met.
Can several schemes be combined on the same property?
Combination rules depend on the mechanisms and the expenses. Certain home-ownership aids may be combined, such as PTZ and BRS subject to conditions. In investment, the same expense cannot be freely used for several benefits. The arrangement is checked case by case.
Do the simulators validate my eligibility?
They give an indicative result within a displayed scope, using the amounts entered. Address, works, lease, resources and taxation must be confirmed according to the project. You may use them without registering, then choose whether to contact JL HOME.
Let’s talk about your next investment.
JL HOME helps you define the project and search for a selection suited to your objective.
