Loc’Avantages: A Tax Reduction Scheme
The French government has introduced a new tax reduction scheme called Loc’Avantages, which aims to encourage investment in rental housing. The scheme will provide tax benefits to landlords who rent out their properties at affordable rates.
Eligibility Criteria
To be eligible for the Loc’Avantages scheme, landlords must meet the following criteria:
- The property must be located in a designated “priority zone” for housing.
- The property must be rented out as a primary residence to tenants who meet certain income criteria. Tax Benefits
Landlords who meet the eligibility criteria will be able to claim a tax reduction of up to 30% of their rental income. The tax reduction will be spread over a period of 6 or 9 years, depending on the location of the property.
How to Apply
Landlords who wish to apply for the Loc’Avantages scheme must submit a declaration of commitment to the tax authorities. The declaration must include the following information:
- The address of the property
- The rental amount
- The income of the tenants
Benefits of the Scheme
The Loc’Avantages scheme is expected to provide a number of benefits, including:
- Increased investment in rental housing
- More affordable housing for low-income households
- A boost to the construction industry
Additional Information
For more information on the Loc’Avantages scheme, please visit the website of the French Ministry of Economy and Finance:
www.economie.gouv.fr/loc-avantages-dispositif-reduction-impot
Loc’Avantages : un dispositif de réduction d’impôt
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