One-year extension of the Pinel tax reduction (rental investment)
The tax reduction for intermediate rental investment (Pinel scheme) is extended by one year, to acquisitions and constructions made until 31 December 2017. The rates (12%, 18% or 21% depending on the rental period) are unchanged. The law also opens the scheme in 2017 to municipalities outside high-demand areas approved by the regional prefect.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Concerns individuals investing in 2017 in a new dwelling let under rent and income ceilings. The National Assembly report estimated about 50,000 dwellings and a generational cost of €1.6bn spread from 2018 to 2031.
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
Possible referral to Constitutional Council
Décision de conformité / censure partielle
President of the Republic signature
Publication au Journal officiel
Council of Ministers
Validation interne