Country:France
Year:2005
Policy status:Planned
Date Effective:2005
Policy Type:Economic Instruments>Fiscal/financial incentives
Policy Target:
Agency:Ministere de LEconomie, des Finances et de lIndustrie (MINEFI)
URL:http://www.assembleenationale.fr/12/propositions/pion1817.asp
Description:As announced on 23 March 2005, amendments to the French tax laws Robien Mechanism will require rental property built after 1 January 2006 to reduce energy consumption by 8-15% over existing standards to qualify for tax relief. Since 2003, the Robien Mechanism has enabled individual investors in new rental property to deduct up to 65% of total costs - including the initial purchase price, interest and fees on loans, property management costs and various property taxes - from rental income over a 15-year period.

Last modified: Thu, 12 Jul 2012 12:06:52 CEST