The Pinel Rental Investment Scheme
The Pinel scheme is a French tax incentive program that encourages investment in new rental housing in certain designated areas. The scheme was introduced in 2014 and has been extended several times, most recently until 2024.
Benefits of the Pinel scheme
The Pinel scheme offers a number of benefits to investors, including:
- A tax reduction of up to 21% of the property’s value, spread over 12 years
- A reduced rental income tax rate of 14.5%
- Exemption from the wealth tax on the property
Eligibility for the Pinel scheme
To be eligible for the Pinel scheme, the property must meet the following criteria:
- It must be a new build or a property that has been significantly renovated
- It must be located in one of the designated areas
- It must be rented out as a primary residence for a minimum of 6 years
- The rent must not exceed certain limits set by the government
How to apply for the Pinel scheme
To apply for the Pinel scheme, you must submit a declaration to the French tax authorities within 60 days of acquiring the property. You will need to provide the following information:
- The property’s address
- The date of acquisition
- The purchase price
- The amount of rent you expect to receive
- The number of years you intend to rent out the property
Conclusion
The Pinel scheme is a valuable tax incentive program that can help investors save money on their taxes. If you are considering investing in rental housing in France, it is worth considering the Pinel scheme.
Additional information
For more information on the Pinel scheme, please visit the website of the French Ministry of Economy and Finance: www.economie.gouv.fr/particuliers/dispositif-pinel-investissement-locatif
Le dispositif Pinel d’investissement locatif
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economie.gouv.fr a new article on 2024-11-14 08:19 titled “Le dispositif Pinel d’investissement locatif”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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