Investing in real estate is the dream of many households.
The motivations for making a rental investment are different from one investor to another: tax exemption, preparing for retirement, etc.
One thing to remember for those who wish to reduce tax with real estate: the Pinel is changing.
Here is what to remember from the changes to this tax system for real estate investments.
A few words about the Pinel device
Pinel rental investment entitles you to a tax reduction calculated on the purchase price of new or rehabilitated housing to achieve the technical performance of new.
It appeared in 2014, replacing the Duflot system, of which it took over the main terms, with some relaxations: the investor could choose his commitment period and rent to his ascendants or descendants, under conditions.
The principle?
allow the investor to benefit from a tax reduction by buying new housing that he rents out for 6, 9 or 12 years, if certain conditions are met.
That was before.
Because the Pinel is modified for the next two years.
What changes for Pinel 2023?
Renewed for the years 2023 and 2024, the Pinel in its 2023 version displays decreasing tax reduction rates... The Pinel + will take over from the Pinel from 2023 and during the year 2024, by offering the same tax advantages than the classic Pinel, provided that the accommodation meets certain criteria.
According to the National Agency for Information on Housing (Anil), it will indeed be necessary that the new housing purchased be located in the priority districts of the city policy (QPV) or that it respects a level of quality, in particular in terms of energy and environmental performance, superior to the regulations.
The decree of March 17, 2022 describes as follows:
usage criteria: a minimum area per type: 28m² for a T1, 45m² for a T2, 62m² for a T3, 79m² for a T4 and 96m² for a T5;
the systematic presence of an outdoor space of 3 m² for a T1 or a T2, 5 m² for a T3, 7 m² for a T4, 9 m² for a T5;
and a double exposure from T3.
and environmental criteria: housing acquired in 2023 must meet the RE2020 thresholds which will come into force in 2025;
housing acquired in 2024 must also meet this criterion and achieve class A of the Energy Performance Diagnosis (DPE);
For housing acquired in 2023 or 2024, for which the building permit was requested before January 1, 2022, a specific provision is made.
The environmental criteria are based on the "E+C-" label and the DPE label A must be achieved;
For dwellings acquired in 2023 and 2024 not resulting from a construction operation (notion aimed at the construction of a new building or the extension of an existing building), such as a refurbishment, they must reach the ECD label A or B.
Comparative Pinel 2022-2023
The Pinel 2022 tax reduction rates are 12%, 18% and 21% (in mainland France) for rental commitments at capped rents of 6, 9 and 12 years respectively and are subject to change.
In 2023, the reduction rate is 10.5% for a 6-year lease commitment, 15% for a 9-year lease commitment and 17.5% for a 12-year lease commitment.
In 2024, the reduction rate is 9% for a 6-year rental commitment, 12% for a 9-year rental commitment and 14% for a 12-year rental commitment.
Real estate, an absolute safe haven?
If the tax reduction rates applied from 2023 make the Pinel system a little less advantageous, the fact remains that this real estate investment remains interesting.
Buying a new home means investing in a quality home, benefiting from the latest energy standards, ie preserving the environment more.
In addition, the dwellings will be larger and will have an exterior, in accordance with the new criteria of use.
Finally, in times of inflation, real estate remains a safe haven, coveted by a large number of investors.