Lower rates of the "Pinel" tax reduction for investments made in 2023
Article 168 of the 2021 Finance Act extends the "Pinel" scheme (Article 199 novovicies of the General Tax Code) to 2024 while gradually lowering its rates. For purchases made in 2023, the tax reduction falls from 12% to 10.5% for a six-year rental commitment and from 18% to 15% for nine years, except for homes located in priority neighbourhoods or meeting energy performance and quality criteria ("Pinel +").
Measure originators
No official estimate found for this measure.
Measure impact
Investors buying a new rental home in 2023 get a smaller tax reduction: for example €31,500 instead of €36,000 over six years for a €300,000 investment. Rates fall again in 2024, the scheme's last year.
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