The Pinel Act is a fiscal measure following the Duflot Act. It is applicable to all the French taxpayers, and consist in helping private individuals wishing to invest in the new-build, with an income tax reduction over a minimum period. This reduction is calculated on the cost of the housing. The application of the Pinel Act is more flexible than the Duflot Act.
These measures are designed to promote the construction of new-build in determined areas. In order to be qualified for the Pinel Act, the new real estate programs must respect the thermal features and the energy performances corresponding to the 2012 Thermal Regulations certification.
Conditions to benefit from the Pinel Act
• Renting a new accommodation as a primary residence over a period of : 6, 9 or 12 years
• The investment limit is 300 000 € per year
• The purchase of the property must be done between the 1st September 2014 and the 31st December 2016.
Benefits of the Pinel Act
|Tax Exemption||12% for an investment over 6 years
18% for an investment over 9 years
21% for an investment over 12 years
|Renting||It is now possible to rent to a relative if the latest is out of the tax household.|
|Eligible cities||Reassert of their value compare to the Duflot Act, in order to promote the renting investment.
Around 600 eligible cities.
|Rent||Rise of the rent limit.
Ceiling of the tenants funds.
|Limit per square meter of the living area||Fixed limit at 7500€ per m² to allow a better distribution of the measures in the cities having a high square meter price.|
CAUTION, THE PINEL ACT IS NOT CUMULATIVE WITH OTHER TAX EXEMPTION MEASURES LIKE THE DUFLOT ACT OR THE MALRAUX ACT.
A private estate with park and swimming pool 10 minutes on foot from the historic centre. The character of an authentic neighbourhood, the charm of a historic site, the easy life of an address close ...