Optional fifteen-year property tax exemption for renovated older homes under rent-to-buy contracts

Article 25 of the 2020 Finance Act rewrites paragraph IV of Article 1384 A CGI: by resolution of local authorities and their tax-raising groupings, renovated older homes used as a main residence and covered by a rent-to-buy (location-accession) contract approved by the prefect are exempt from property tax for fifteen years from the year following completion of the works. The exemption is kept when the tenant-buyer exercises the purchase option, under a new rent-to-buy contract or if the home is let again under a social agreement. The same article opens the zero-interest loan to these homes.