A simplified joint-stock company with share capital of €500,000
3 Rue Saint-Philippe du Roule
75008 | Paris, France
SIRET : Commercial Registry of Paris 809 374 705 00022
Email : firstname.lastname@example.org
Limited liability company with capital of €38,112
32 avenue de Wagram
75008 | Paris, France
SIRET : Commercial Registry of Paris 339 237 992 00047
Intracommunity VAT : FR 76 339 237 992
APE business identification code : 6312Z
Email : email@example.com
SAS with capital of €10,069,020
2 rue Kellermann
59100 | Roubaix – France
SIRET : Commercial Registry of Lille 424 761 419 00045
Intracommunity VAT : FR 22 424 761 419
APE business identification code : 6311Z
Tel : +33 9 72 10 10 07
Email : firstname.lastname@example.org
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Information is optional and intended for commercial processing, follow-ups or responding to potential clients or partners.
In compliance with legislative requirements, you may exercise your right to access, amend and oppose any data concerning you. You can exercise this right by sending an email to: email@example.com or by writing a letter addressed to Alios Développement, 3 rue Saint Philippe du Roule 75008, Paris, accompanied by a copy of proof of identity.
The information on these pages is not subject to any guarantee, either expressed or implicit, other than those resulting from legal provisions.
These website pages also include links to other websites over which Alios Développement has no control. In these circumstances, we cannot guarantee the accuracy, completeness or quality of information that is presented on these third-party websites. Consequently, we cannot be held liable for the content of these pages.
Free illustrations, actual products may differ: Hélène Humbert,
Perspectives for representational purposes only, actual products may differ: Infime, Pict 3D, La Fabrique à Perspectives, L'autre Image, Alma, KDSL, Paul Mayla
Photo credits: Philippe Moulu, Grégoire Cretinon, JB Viaud, JM Gourdon
This website uses non-nominative cookies to track navigation and session creation. The website user may deactivate cookies in their browser settings. This website uses analytical cookies to provide information on website use and performance and to improve the functioning of the website.
In accordance with article L156-1 of the Consumer Code, the consumer is hereby informed of their right to approach a consumer ombudsman, whose contact details and website address will be communicated once the list of consumer ombudsmen has been published by the commission for the monitoring and control of consumer mediation.
The delivery and official sales dates given on the website are provided for informational purposes only and are provisional beyond a legitimate cause or a case of force majeure.
The French General Tax Code (art. 278 sexies 11 and 11 bis, art. 278 sexies-0 A) makes it possible to apply a reduced rate of VAT of 5.5% for social home ownership operations involving housing that is acquired by natural persons in order to establish their primary residence and located in areas targeted by the city's policy (i.e. districts subject to an ANRU (French National Agency for Urban Renewal) convention and districts within the city's priority policy or located a certain distance from them depending in particular on the date of application for the building permit).
This reduced rate may apply if the resources of the persons who intend to occupy the dwelling on the date of signing the pre-preliminary contract or, failing that, on the date of the contract of sale do not exceed the upper resources limit (see article 278 sexies of the General Tax Code).
This reduced rate may be revoked in the event that the conditions for granting the reduced rate cease to be fulfilled within a period of 10 years following the operative event, in particular in the event of resale or change of use of the accommodation.
The zero-interest loan is a regulated loan that allows you to finance the purchase of your first primary residence, which can be either:
• accommodation that is new or treated as new in accordance with ‘current applicable heat insulation standards’; or
• an old building with extensive renovation work (the total cost of which must always be at least 25% of the total cost of the operation) or in the context of the sale of old dwellings that were formerly social housing.
The zero-interest loan is available, subject to resources, to natural persons wishing to become owners of their first primary residence (who have not been the owner of their primary residence for two years prior to this new acquisition). The amount and duration of the 0% loan depends on the geographic location of the dwelling and the composition of the household in question. The buyer’s resources are also taken into consideration for the loan repayment terms.
The provisions of the PINEL law are codified in article 199 29th (novovicies) of the General Tax Code.
The measures are reserved for taxpayers domiciled in France who acquire, before 31 December 2021, a new home in a residence that must have BBC EFFINERGIE 2005 certification or have been built in accordance with the RT 2012 heat insulation regulations and which is intended to be rented ‘as-is’ as a primary residence to tenants whose resources fall under a certain level at capped rental amounts.
This dwelling must be located in an area with a high demand for accommodation (zone A, A BIS and B1). PINEL measures make it possible to benefit from a 12% tax reduction if the property is made available for rent for six years or an 18% reduction if this commitment is made for nine years. This lease commitment can be extended for a total duration of 12 years. Extending the lease commitment shall result in new tax reductions.
The reduction percentage increases in accordance with the cost of acquisition up to a total of €300,000 and up to a cost of €5,500/m². The rental contract must be signed during the 12 months following completion of the building or its acquisition if it is acquired after the fact. Eligibility for the tax reduction scheme depends on the location of the dwelling. Furthermore, dwellings can be rented to ascendants or descendants.
Tax reduction is granted for the year in which the dwelling is completed, or acquired if this occurs after the fact. It is initially allocated to the tax due for that same year, and then on the tax due for each year depending on the lease commitment period based on the fraction (1/6th or 1/9th) of the total amount in respect of each of the years, without the possibility of postponement.
The benefit of this tax incentive is included in the calculation of the overall ceiling for certain tax benefits provided for in article 200-0 A of the General Tax Code. As with any property purchase, rental investment should be carefully considered, particularly in terms of borrowing capacity.
In addition, and in order to calculate the expected profitability of a property investment, it is advisable to take into account the fiscal context (to enquire about the applicable local taxes including property taxes, your tax system concerning the rental income and if necessary, any wealth tax) and the economic context (check the level of rent in the sector as it may be lower than the rent ceiling defined in the PINEL measures, and more generally take into account interest on loans, non-recoverable joint-ownership fees, the cost of non-occupant home-owners’ insurance, any management fees, etc.).
Non-compliance with rental commitments shall result in the loss of these tax incentives. As with any rental investment, PINEL-based investments are not risk-free.
The following risks apply:
• The risk of benefiting from a real tax benefit that is reduced due to a purchase price which is higher than the average market price
• The risk of reselling the property at a loss
• The risk of reduced profitability due to rental rates that can sometimes fall below the legal ceilings.
• The risk of experiencing a gap in renting out the property, leading to a loss of the tax advantage.