Wealth tax on real estate (IFI): exclusion of unfurnished homes let at capped rents to capped-income tenants
Article 965 of the General Tax Code is supplemented: homes let unfurnished as a main residence to tenants whose income, when the lease is signed, does not exceed the ceilings set for intermediate rental investment (Article 199 novovicies, III) would be excluded from the real estate wealth tax (IFI) base, provided the rent also stays within those ceilings and the home was let for at least eight months in the year before taxation. Letting to members of the taxpayer's household, ascendants or descendants is excluded. Applies from the IFI due for 2027.
Measure originators
No official estimate found for this measure.
Measure impact
IFI taxpayers who let a home at a capped rent to a household below the income ceilings would no longer pay IFI on that property. No official cost estimate has been published.
Official references
Sources
Stated positions
Public statements by members of Parliament on this measure · 2 statements
« Il vise à sortir de l’assiette de l’IFI les logements qui seraient loués à des locataires sous un certain plafond de ressources et de loyer. »
Translation: It seeks to remove from the IFI base housing rented to tenants below a certain income and rent ceiling.
16 October 2026Parliamentary debate · assemblee-nationale.fr« Nous voterons contre l’amendement. Si l’on considère que les propriétaires immobiliers qui sont millionnaires ou multimillionnaires doivent mettre en location leurs biens à des loyers modérés, plutôt que de leur faire une nouvelle ristourne fiscale comme on en a fait tout au long de ce budget, on pourrait commencer par encadrer les loyers ! »
Translation: We will vote against the amendment. If we think property owners who are millionaires or multimillionaires should rent out their properties at moderate rents, rather than giving them yet another tax rebate as has been done throughout this budget, we could start by capping rents!
16 October 2026Parliamentary debate · assemblee-nationale.fr
These statements are quoted verbatim with their source and date. They are separate from votes: only votes count in the analysis of political orientations. A position may have changed since.
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Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)
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