Rent waivers granted to tenant businesses: not taxable for the landlord and deductible
Rent waivers granted by a landlord to a tenant business between 15 April and 31 December 2020 are fully deductible from the landlord's taxable profit and are not taxable income when they are property income. Where the tenant business is run by a relative of the landlord, the landlord must prove the business's cash-flow difficulties. The 2021 finance act extended the period to 30 June 2021.
Measure originators
No official estimate found for this measure.
Measure impact
A landlord who waives rent owed by a shop or business is not taxed on the uncollected rent and, if the landlord is a business, can deduct the waiver from its profit.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
President of the Republic signature
Publication au Journal officiel
Joint committee
Désaccord éventuel
National Assembly has the final say
Si échec CMP
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)
Transmission to National Assembly
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration