The Pinel is a tax incentive system for rental investment in new buildings or rehabilitated properties considered as new. Clearly, you benefit from a tax reduction over a period of 6 to 12 years if you agree to rent your property as your main residence against a ceiling rent.
To improve housing in France, the government is launching a plan on Monday, the outlines of which were discussed during the round table of the National Council for Refoundation (CNR). In the midst of an adjustment of the Zero Rate Loan (PTZ) or the continuation of the monthly payment of the usury rate to the delight of borrowers, the government decided to put an end to the Pinel tax exemption scheme at the end of the year. year 2024. This was in fact deemed ineffective. The announcement which was made public on Sunday evening by the Prime Minister’s entourage must be officially confirmed on Monday evening by Elisabeth Borne.
The Pinel – named after the Minister of Housing of the Valls I and II governments of 2014 and 2016 – is a tax incentive system for rental investment in new buildings or rehabilitated properties considered as new. Until the end of 2022, the rate of the tax reduction could range from 12% to 21% of the amount of the acquisition, up to 300,000 euros, and depending on the duration of the commitment (from 6 to 12 years). Either a tax reduction of up to 6000 euros per year
For investments made since January 1, and until December 31, 2024, the rate of tax reduction passed at 10.5%, 15% or 17.5% of the amount of the acquisition.
The exception of Pinel +
These new tax reduction rates do not apply to housing located in priority areas of city policy or which meet exemplary environmental standards. For these accommodations, the Pinel system remains unchanged until the end of next year, and bears the name of Pinel +.
This reduction is granted provided that the accommodation respects certain characteristics and that it is located in an area of rental tension. The owner must commit to renting it as the main dwelling with a ceiling rent. This maximum amount is 17.62 euros and 9.17 euros per square meter depending on the location of the accommodation.
There is no longer a housing policy in France
Announcements that strongly displeased professionals in the sector. There is no longer a housing policy in France, scathing in a joint press release the French Building Federation (FFB), the National Real Estate Federation (Fnaim), the Federation of Real Estate Developers and several other organizations. Removing the Pinel without an alternative is to deny the role of the private rental stock for the mobility of many French people, they believe after having criticized the decisions concerning the PTZ.
The professionals solemnly reiterate their address to the President of the Republic, urging him to once again assess the extent of the crisis and its impact on the purchasing power of the French people, write the professionals in conclusion. They ask to meet urgently with the Presidents of all the parliamentary groups. It is now up to Parliament to assume its responsibilities to meet the needs of the French people and local realities. At the time of publication of this text, Elisabeth Borne had still not spoken.
Real estate: are you still interested in investing in Pinel in 2023?