While the New housing sales To private investors have dropped by more than 50% in the second quarter, those to owners occupying 2.1%, according to data published by the Federation of promoters Real estate this Thursday, September 4. Pascal Boulanger, President of the FPI, sees it as the effect of enlargement, since April 1 zero -rate loan to the whole of France. And, to a lesser extent, of theDonation tax exemption family intended to finance the purchase of accommodation, which entered into force in mid-February 2025.
As a reminder, the finance law for 2025 exempts temporarily Tax (free transfer rights, precisely) the sums of money given by parents, grandparents and great-grandparents to their children, grandchildren and great-grandchildren for the purchase of accommodation for sale in the future state of completion (VEFA) or nine, that is to say, built for five years at most.
Rental investment: Create the tax status of the private lessor, an “absolute emergency”
Principal residence use for 5 years
If you have no children or grandchildren, this exemption is worth for donations to your nephews and nieces. It applies within the limit of 100,000 euros allocated by the same donor to the same donor (the person who receives), and 300,000 euros Received by Donat. The latter must also allocate this amount to the purchase of new accommodation no later than six months after receiving it.
The exemption also applies if the sum of money is assigned to carry out the work of energy renovationfunded by Maprimerenov ‘public aid, in the accommodation of which the donor owns and which he uses as a principal residence for at least five years after their completion.
Failure to comply with the supervision of rents: the “palm of the cheek” returns to these donors
Results not up to expectations
In the same way, the donor who buys new accommodation or in VEFA must use it as a main residence for at least five years from the date of acquisition, or rent it as a main residence for minimum, to be exempt from donation on the donation received. Note that the donor cannot rent the accommodation to a member of his tax household, for example to one of his children, otherwise he loses the benefit of the tax exemption. This applies to the sums of money given Until December 31, 2026.
“This measure works but not up to our expectations”regrets Pascal Boulanger, president of the FPI, who had scrapped with the previous governments to obtain it. According to him, the biggest promoters “Each have achieved between 50 and 100 sales Using this device since its entry into force, and the others have recorded it Only ten»».
Maprimerenov ‘: bad news, these 2 very popular types of work will be excluded from 2026
Even banking bosses have not understood this exemption well
“This device has not yet entered customs”he analyzes. And not only among buyers but also among professionals: “When I have lunch with banque bosses, some ask me to explain this mechanism to them, that they have not well understood»»testifies Pascal Boulanger. “Is this tax exemption from donations possible in the context of an acquisition by a real estate civil society? Is it combined with the zero rate loan? These are examples of questions that arise ”illustrious Didier Bellier-Garière, general delegate of the FPI.
The tax administration must also publish “shortly” An instruction in order to specify this device, he indicates. “The instruction will be published by the end of this weekquite probably today (this September 4). It will specify in particular the acquisition and renovation expenses eligible for this system »answers Bercy to Capital.
