The Finance Committee of the National Assembly adopted an amendment exempting from transfer taxes donations of money to children and grandchildren if these sums finance the purchase of new housing.
© Robert Herhold/Adobe Stock
– This would be a temporary measure, for one year.
Notice to parents and grandparents who are working on passing on their assets! The Finance Committee of the National Assembly adopted, this Thursday, October 17, an amendment to the finance bill for 2025 aimed at exempt from transfer duties free of charge, donations of sums of money to a child, a grandchild, a great-grandchild or, failing that, a nephew or niece, within the limit of 150,000 eurosif these sums are allocated by the donee (the one who receives the money) to the acquisition of new housing.
This provision, if voted by Parliament following the debate on the Budget which has just begun, would apply to sums paid between January 1 and December 31, 2025. The Federation of Real Estate Developers pleaded for 18 months. “The duration of one year could change”indicates a parliamentary source to Capital. New housing must be purchased “no later than the last day of the sixth month following the transfer” money, specifies the amendment. This temporary measure aims to quickly relaunch the marketing of new housing, in the midst of the real estate crisis. Including by reducing the stock of unsold new housing held by real estate developers. The latter, through their Federation, had been campaigning for two years for the implementation of such a measure, already introduced by the Balladur government during the real estate crisis of the 1990s.
New real estate: why prices remain very high despite the crisis
An amendment which will be re-submitted in the Assembly hemicycle
The application of this measure is however conditional on the property being used, for at least six years, as the main residence of the occupant, whether the latter is the donee, a tenant or even a free occupant. “Very happy that (his) proposal to facilitate donations of up to 150,000 euros to buy a main residence was adopted in the finance committee”the Horizons de l’Indre deputy François Jolivet, vice-president of the finance committee of the National Assembly, will resubmit it “obviously in session”that is to say when all the deputies, and no longer just the committee, will examine the draft Budget 2025.
Receive our latest news
Every week your appointment with real estate news.