|Policy Type:||Economic Instruments>Fiscal/financial incentives>Tax relief|
|Policy Target:||Buildings>Building Type>Residential|
|Legal References:||Law no. 2008-1443 of 30 décembre 2008 : supplementary budget for 2008 Law no. 2009-1673 of 30 décembre 2009 : finances for 2010 Decree No. 2010-823 of 20 July 2|
This law enables an income tax reduction for the purchase of new residential buildings or rehabilitated ones intended for renting as the main residence of the tenant. The investor has two options:– « Scellier mechanism » : the tax reduction is spread over 9 years with rent ceiling conditions– « Intermediate Scellier mechanism » : the tax reduction is spread over 9, 12 or 15 years with an added deduction of 30%. However, this option has conditions concerning the financial situation of the tenant and lower rent ceilings.The rate of tax reduction was 25% in 2010; 13% in 2011, and 10% in 2012. For BBC (Low Consumption Buildings) housings the rate reached 22% in 2011, and will increase to 20% in 2012.
Last modified: Tue, 29 Apr 2014 14:30:14 CEST