France wants to end tax benefits of renting tourists

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HE french government aims to end the tax advantages enjoyed by the lessors household in tourist rentalswithin a plan to increase the offer for the housing market and promote access to property.

Housing Minister Olivier Klein confirmed in an interview with the France Info radio station this Monday that he is working on “the most equitable taxation possible” between tourist rentals and rentals to residents.

Klein will be speaking to Prime Minister Élisabeth Borne, who will make a presentation this afternoon. large house plan It will initiate a “reflection” on taxation. This is especially true now flat or touristic landlords can deduct 70% of their income, something that does not exist in the housing market.

The Minister suggested that the device, called the Garantie Visale, would be extended, allowing young people up to the age of 30 or workers with a salary of up to 1,500 euros per month and without financial security to receive a salary. public coverage this assures the landlord that they will receive the rents for the entire term of the contract. The goal is for two million people to benefit between 2023 and 2027, compared to the 882,000 people who signed up since its inception in 2016.

Also a new limit of rents is 3.5%Stating that the one in force until 30 June will be extended for another year, he noted that if this ceiling is not extended, the price hikes will increase. annual revaluations will be 6%.

Klein, with housing “There is a risk of a social bomb” Because of the difficulties many people have had to find an affordable roof and therefore their Government is willing to take action.

To support access to the property, it asserted: the call will continue until 2027 debt at zero rate (French abbreviation PTZ) is a loan given to people up to a certain income level in addition to another housing loan.

PTZ that must be used to purchase a main residence From now on it will be limited to new flats or second-hand residences in areas deemed tense, but on condition of refurbishment.

In other words, it can no longer be used for the purchase of new single-family homes. The Minister noted that 600 million euros of public money per year will be allocated to this mechanism.

The government wants to give impetus to the so-called Real Solidarity Agreement (RBS), in which the ownership of the real estate built from the land that remains in the public domain is separated. It reduces the price to be paid to buy a house.

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