Exceptional allowance on capital gains from selling land and buildings for multi-unit housing (2024-2025)
The 2024 Finance Act rewrites Article 150 VE of the General Tax Code: a 60% allowance applies to capital gains on the sale of building land or buildings in high-demand housing areas, and 75% within major urban development, national interest and territorial revitalisation operations, when the buyer undertakes to build multi-unit housing within four years. The rate rises to 85% if at least 50% of the floor area is used for social or intermediate housing. The sale agreement must be signed between 1 January 2024 and 31 December 2025, with completion no later than 31 December of the second following year. The same article extends to 31 December 2025 the exemptions for sales intended for social housing, now extended to intermediate housing.
Measure originators
No official estimate found for this measure.
Measure impact
Owners selling land for multi-unit housing projects pay less tax on their capital gain. The Senate report puts the cost of the social-housing sale exemption at €10m (order of magnitude); no estimate of the new allowance was published.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
National Assembly has the final say
Si Ă©chec CMP
Debate and vote
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)
Council of Ministers
Validation interne