Budget 2025: PTZ, notary fees, Maprimerénov… The real estate component of the agreement between deputies and senators

Senators and deputies agreed on a common text for the 2025 finance bill this Friday, January 31. Here are their points of agreement in terms of real estate investment, which does not, however, presage the final version of the 2025 budget.

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The finance bill for 2025 (PLF), which includes several important measures for real estate investors But whose examination in Parliament has been lying in length since the censorship of the Barnier government, has taken an important stage this Friday, January 31. Deputies and senators agreed in a joint joint committee (CMP) on a common text, which will be submitted to the vote of the National Assembly on Monday, February 3. In terms of real estate investment, here are the main measures on which the 14 representatives of the National Assembly and the Senate would have agreed, of parliamentary source. Zero -rate loan expanding (PTZ), first. Since April 2024, the PTZ, reserved for first-time subjects subject to resources, makes it possible to finance only the acquisition of new apartments in tense areas, where the demand for housing is much higher than the offer. The CMP text widens the PTZ to the whole territory and to new houseswithout changing anything in the old one, where the eligibility for this loan is conditioned on the realization of energy renovation work. Which confirms a government source.

Still in terms of real estate purchase, the copy of the CMP would exempt transfer rights free of charge money donations To children, grandchildren, back grandchildren, or, failing that, nephews and nieces, granted to finance the purchase or construction of accommodation, as a main residence or long-term rental investment, as well as energy renovation work in it. The exemption would apply in the limit of 100,000 euros per donor and 300,000 euros per donor (Whoever receives) and on condition that the buyer keeps accommodation at least five years. It is not excluded that the government fine this point during the weekend, insofar as it has always circumscribed this tax exemption project to children and grandchildren and the purchase of new accommodation.

In contrast to these two measures favorable to buyers, the text of the CMP allows local communities who wish to increase the transfer duties for consideration (DMTO), improperly called by 0.5 point, improperly called Notary fees. However, the text would exempt the first-time buyers from this increase in DMTOs.

Towards a probable 49.3

In terms of rental investment, the text of the CMP would restrict the scope of article 24 of the PLF, which plans to increase taxation to the resale for the Non -professional furnished rental (LMNP), by integrating accounting depreciation, that is to say the loss of annual value of the property, in the calculation of the added value of transfer. This will increase the amount of added value and, therefore, the tax to be paid on it. The CMP would thus exclude from the scope of article 24 establishments for the elderly or disabled, senior residences and student residences, but not tourist residences. Finally, the copy of the CMP would have “Saved around 1,00 million euros for the budget of Maprimerenov‘, compared to the decline that the government provided for “indicates to Capital a member of the CMP. The credits allocated to the main aid to the energy renovation of housing would thus drop “only” by 460 million euros in 2025.

It is still necessary that all of these measures remain in the final version of the PLF 2025. From ministerial source, the government could proceed to certain “Adjustments” to the text of the CMP, before its exam by the National Assembly on Monday. No doubt the Prime Minister will have to use article 49.3 of the Constitution in order to do without the voting of the Parliament to adopt the finance bill. An initiative that would undoubtedly end by the deposit of a new motion of censorship.