NPRFA status (LMNP in French)
You purchase one or several apartments in a residence with services (student residence, tourist residence, senior residence,…)
You will offest different elements against your rental incomes: mortgage interests, service charges (according to the management company), land tax and even the fees for the accounting company in charge of your tax declaration.
The major interest of the NPRFA status is that you will also offset the depreciation of 85% of your property during 30 years
According to the rental yield on your apartment and the amount of money borrowed, you will pay no or very little during 30 years.