The Jeanbrun scheme (private landlord status): depreciation, caps and conditions
The private landlord status, known as the Jeanbrun scheme (2026 Finance Act, article 47), lets an owner depreciate 80% of the price of a new collective-building home let unfurnished for 9 years, at a rate of 3.5% to 5.5% depending on the rent charged, within a cap of 8,000 to 12,000 euros a year. Purchases from 21 February 2026 to 31 December 2028.
Jeanbrun: a common name, not the name of the law
The Jeanbrun scheme is the name given by the press and the industry to the private landlord status, created by article 47 of Act no. 2026-103 of 19 February 2026 on finance for 2026 (Official Journal of 20 February 2026), following a government amendment tabled by Vincent Jeanbrun, the minister for Housing. The legal name of the scheme is private landlord status: Jeanbrun appears nowhere in the text of the law.
The mechanism is codified at articles 31 (I, 1, i and j), 32 (2, c) and 150 VB (III, first paragraph) of the French General Tax Code (CGI).
A depreciation allowance deducted from rental income, based on 80% of the price
An owner who opts into this status can deduct from rental income a depreciation allowance calculated on a base of 80% of the acquisition price net of costs, increased in older property by the cost of certain works. The annual rate varies with the type of property and the rent charged.
| Rent charged | Rate in new-build | Rate in renovated older property |
|---|---|---|
| Intermediate rent (Pinel-type caps, article 199 novovicies of the CGI) | 3.5% | 3% |
| Social rent (+1 point) | 4.5% | 3.5% |
| Very social rent (+2 points, Loc'Avantages-type caps, article 199 tricies of the CGI) | 5.5% | 4% |
Annual depreciation rate by rent charged
The annual deduction caps, and the trap of the 10,700 euro property-loss cap
The annual amount deductible as depreciation is capped per tax household: 8,000 euros a year as a general rule, 10,000 euros a year if at least half the landlord's let homes are at social rent, 12,000 euros a year if at least half are at very social rent.
These caps have nothing to do with the 10,700 euro figure sometimes quoted about the Jeanbrun scheme. That 10,700 euro figure is the general, pre-existing property-loss (deficit foncier) cap that can be set against overall income (article 156, I, 3 of the CGI), applicable to any unfurnished landlord under the actual-expenses regime, with or without Jeanbrun depreciation. Presenting the 10,700 euros as a benefit specific to the Jeanbrun scheme confuses two distinct mechanisms.
Cumulative conditions and the eligibility window
- The dwelling must be in a collective building: standalone houses are excluded.
- New-build or off-plan, or older property with heavy works of at least 30% of the price.
- Unfurnished letting as the tenant's main residence, minimum 9-year letting commitment.
- The actual-expenses tax regime is mandatory and, once chosen, irrevocable.
- Eligibility window: purchases or building-permit applications made between 21 February 2026 and 31 December 2028.
A scheme still liable to change
A bill easing certain access conditions for the scheme was adopted at first reading by the National Assembly on 28 May 2026. The parameters described here are those of the 2026 Finance Act: before committing, check that no later text has changed the rates, caps or conditions.
Frequently asked questions
Is the Jeanbrun scheme the official name of the law?
No. The legal name is private landlord status, created by article 47 of the 2026 Finance Act (Act no. 2026-103 of 19 February 2026). Jeanbrun is a common name given by the press and the industry, after the minister behind the amendment.
What is the depreciation calculated on?
80% of the acquisition price net of costs, increased in older property by the cost of certain works, with an annual rate of 3.5% to 5.5% in new-build (3% to 4% in renovated older property) depending on the type of rent charged.
Is the 10,700 euro cap part of the Jeanbrun scheme?
No. That cap is the general property-loss cap set against overall income (article 156, I, 3 of the CGI), which exists independently of the Jeanbrun scheme. The caps specific to Jeanbrun depreciation are 8,000, 10,000 or 12,000 euros a year depending on the landlord's profile.
Is a standalone house eligible?
No. The scheme is reserved for dwellings in collective buildings. Standalone houses are excluded.
Until when can you invest under this scheme?
The private landlord status applies to purchases or building-permit applications made between 21 February 2026 and 31 December 2028, subject to later legislative changes.
Read next
- Malraux scheme (VIR): what tax reduction for restoring an old building?
- The Denormandie older-property scheme: tax reduction, works, eligible municipalities
- The property deficit: what is the principle and how is it offset?
- Rental income: should you choose the micro-foncier or the actual regime?
- How does the Girardin tax-reduction scheme work in the French overseas territories?
- Légifrance : loi n° 2026-103 du 19 février 2026 de finances pour 2026, article 47
- ANIL : analyse juridique de la loi de finances pour 2026 (statut du bailleur privé)
- Ministère de la Transition écologique et du Logement : le statut du bailleur privé
- Code général des impôts : article 156, I, 3° (déficit foncier imputable sur le revenu global)
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