One of the most expensive tax havens, the Pinel system requires rental investors who buy new properties to respect certain rent and income thresholds for tenants. These ceilings have just been updated for leases signed in 2023.
Up to 6000euros per year, over a period of 6 to 12 years. This is the tax carrot promised to rental investors who choose to invest in new real estate under the Pinel scheme. Provided that certain conditions are met. State objective: to facilitate access to housing for the middle classes, in sprawling areas where rents are very high.
These owners must first commit to renting the property for a period of 6 to 12 years. They must then keep your rent below certain ceilings. These have just been updated and published in the Official Bulletin of Public Finances (Bofip). For leases signed in 2023, these rents cannot exceed the following thresholds.
| Leases concluded in 2023 | Rental area | |||
|---|---|---|---|---|
| Area A bis | Area A | Area B1 | Area B2 / C | |
| Rental ceiling, per square meter | 18.25 | 13.56 | 10.93 | 9.50 |
Pinel device: conditions and taxation
Another condition to be met by rental investors: their future tenants must not not exceed certain income thresholds. These values, which vary according to the geographical area and the composition of the tenant’s rent, have also just been updated for the leases signed in 2023.
| Leases signed or renewed in 2023 Composition of the tenant household | Rental area | |||
|---|---|---|---|---|
| Area A bis | Area A | Area B1 | Area B2 / C | |
| single person | 41855 | 41855 | 34115 | 30704 |
| Couple | 62555 | 62555 | 45558 | 41001 |
| Single person or couple with a dependent | 82002 | 75194 | 54785 | 49307 |
| Single person or couple with two dependents | 97904 | 90070 | 66139 | 59526 |
| Single person or couple with three dependents | 116487 | 106627 | 77805 | 70025 |
| Single person or couple with four dependents | 131078 | 119897 | 87685 | 78917 |
| Increase per dependent from the fifth | + 14603 | +13369 | + 9782 | + 8801 |
It should be noted that these thresholds also apply to the so-called Denormandie system, which targets old real estate in certain medium-sized towns in decline.
Denormandie: tax exemption in old real estate
Extinction soon
The news fell at the beginning of June: the Pinel device is called to disappear at the end of the year 2024. It has been singled out, by the Court of Auditors in particular, for its low efficiency in relation to its cost for the public authorities. The Pinel is, in fact, one of the most expensive tax loopholes: 1.52 billion euros in 2023.
Taxes: removal of Pinel, the end of a tax loophole program that costs you dearly