The Pinel system allowing investment in new real estate while benefiting from an income tax reduction ends on December 31, 2024. In practice, a race against time is now underway to complete the operation in the time limit. “The deed of sale must be signed before the end of the year, which implies reserving the property within the next few days at the latest to be sure to meet the deadlines,” specifies Stéphane van Huffel, co-founder of Net Investissement . The latest investors will be able to reduce their income tax by 9% in the event of a rental commitment over six years, 12% over nine years and 14% over twelve years.
As a reminder, the property must be located in a tense area, and respect the conditions of rent and resources of the tenant. The tax reduction is capped at an investment of 300,000 euros, and 5,500 euros per square meter. Furthermore, the Pinel + regime entitles you to a higher tax advantage: the tax reduction amounts to 12% over six years, 18% over nine years and 21% over twelve years. It is reserved for properties located in priority areas of city policy or meeting certain quality standards.
The Pinel system is therefore preparing to join the long list of real estate tax exemption schemes which have succeeded one another over the past forty years, such as Duflot, Scellier or Robien. It remains to be seen what the new government’s housing policy will be, and whether a new tax incentive will emerge to convince the French to invest in real estate. “Hope is low given the slippage in public finances,” notes Sandrine Allonier, spokesperson for the credit broker Vousfinancer.