2024-10-26 05:00:00
Budget Review 2025, version 2. After he modified much of the initial copy concocted by the governmentin committee, deputies started from scratch this week. With the sword of Damocles, the “weapon” of 49-3 that the government can wield at any time. On the “real estate” side, among the 3,500 amendments presented, there is no shortage of proposals from all sides to tax owners even more or, on the contrary, to relaunch a sector, like new homesin serious difficulty.
• Taxation of capital gains on the main residence
It is a double “yes” that the deputies have addressed to this amendment which will certainly make the bosses scream if it sees the light. The National Assembly adopted a amendment that aims to fight”speculative tumbling mechanisms“. This text, defended by the socialists, authorizes the State to subject to taxation the capital gains realized on the sale of certain principal residences (RP). Only owners who purchase and then resell their RP within less than 5 years are affected.
A real “bomb” for the real estate sector, if the text were maintained in the final version of the 2025 Budget. Because main homes are exempt from any taxation, unlike second homes. During the great national debate, Emmanuel Macron had already mentioned the possibility of taxing capital gains on main homes, before definitively giving it up.
• End of tax breaks for furnished rentals
The tone is becoming increasingly harsh towards Airbnb-style rentals. This time it’s a question of taxation. The deputies adopted a amendment which increases the tax deduction on rental income from 30% to 50% for bare rentals. This text, brought forward by MP Annaïg Le Meur (Together for the Republic), therefore aligns the tax reduction for unfurnished rentals with that of 50% for furnished rentals. An operation that risks costing the State 500 million euros, according to the general budget rapporteur Charles de Courson.
Objective? “Increase the rate of reduction of the microsoil regime (unlike the real regime, the two tax regimes that exist for declaring one’s property income, ed.) which allows the owner who rents his property to benefit from a 30% discount up to 15,000 euros.» If the text is ultimately not maintained in the 2025 budget, the Macronist deputy will be able to remedy it with her “Anti-Airbnb” law proposal. which will be examined by parliamentarians on Monday 28 October.
• The buried Pinel, the abbreviated Denormandie
«There will be no device that will replace Pinel“. Valérie Létard, Minister of Housing, persists and signs this system of aid for rental investments, which will end on January 1, 2025. The deputies approved this choice. On the other hand, its equivalent in the old system, the system Denormandie, is not yet buried. Its duration was shortened by the National Assembly which adopted a amendment presented by the government.
Extended until December 31, 2027, this fiscal assistance, from which “only 880 families have benefited at a cost of 10 million euros”, according to Charles de Courson, will finally end a year early. “The extension to homes located in degraded or distressed co-ownership is not satisfactory, making the tax reduction applicable throughout the entire territory, even in stressed areas», explains the government.
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