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Real estate: is the Pinel device really effective?

2023-06-07T06:22:09.306Z

Highlights: The Pinel tax system, which allows you to benefit from a reduction when buying a rental home, will not be extended beyond 2025. Despite the weight of the years, the executive believes that this device has not proven its effectiveness. The world of real estate development, construction and private rental had been built, for several decades, around this mechanism. And this, while the promoters make great use of it. But this Monday, the Premier signed the end of life of the Pinel device.


THE AUDIT - This tax system, which allows you to benefit from a reduction when buying a rental home, will not be extended beyond 2025.


On Monday 5 June, Elisabeth Borne presented her plan to support the housing sector. In this context, the Premier signed the end of life of the Pinel device by announcing that it would not be extended beyond 2025. Enough to cause a real cataclysm as the world of real estate development, construction and private rental had been built, for several decades, around this mechanism that allows to benefit from an advantageous tax allowance. Despite the weight of the years, the executive believes that this device has not proven its effectiveness. Rightly?

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We need to delve deeper into the subject of Pinel, which in my opinion, has not proven its effectiveness in recent months." It was Bruno Le Maire, the Minister of Economy and Finance, who attacked the Pinel tax system, at the congress of the Federation of Real Estate Developers (FPI), on June 1st. And this, while the promoters make great use of it. But this Monday, the...

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Source: lefigaro

All business articles on 2023-06-07

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