Pinel scheme restricted to homes in multi-unit residential buildings

Article 161 of the 2020 Finance Act limits, for investments made from 1 January 2021, the 'Pinel' tax reduction (Article 199 novovicies of the General Tax Code) to new or off-plan homes located in a multi-unit residential building: detached houses are excluded. Article 169 of the 2021 Finance Act extends this condition to homes built by the taxpayer, for building permits filed from 1 January 2021. Reduction rates (12%, 18% and 21% depending on the commitment period) are unchanged in 2021 and 2022.