Rental investment: a shock tax measure will be offered to the government on June 30

Senator Marc-Philippe Daubresse and deputy Mickaël Cosson will present on Monday June 30 to the government their report on the creation of a real tax status of the private lessor. The game is not yet won with Bercy to register this shock measure in the finance bill for 2026.

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The suspense on the future tax status of the private lessor will end in a few days. During the Congress of the Federation of Real Estate Promoters (FPI), this Tuesday, June 24, Senator Marc-Philippe Daubresse announced that himself and deputy Mickaël Cosson will issue their report on the subject on Monday, June 30, to the Minister of Housing, Valérie Létard, to the Minister of Economy, Eric Lombard, and to the Minister of Public Accounts, Amélie de Montchalin.

A congress that recalled the urgency to relaunch the‘rental investmentsales of new housing to private investors having collapsed by 41.1% in the first quarter, over a year, in the wake of the disappearance of the Pinel tax advantage on January 1, 2025. However, the disappearance of rental investors prevents the launch of a number of real estate programs, the promoters no longer having the pre-commercialization rates sufficient to be followed by their banks.

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A damping of at least 5% of the value of the property

“You have to hit hard”ton Marc-Philippe Daubresse, who promises to reveal Monday “A shock measure”. Note the possibility, for private investors, to deduct each year from their rental income, a accounting damping rented property, that is to say its loss of annual value. This damping would relate to 80% of the value of the property (the 20% balance corresponding to the value of the field) and would amount to “At least 5% (the value of the property) per year, over 20 years”indicates the former Minister of Housing. It would be increased by one point per year for donors accepting to rent their property at a price of 15% at the market price, specifies the senator to Capital.

Please note, this damping will only be worth for new rental investmentscarried out from January 1, 2026, if the creation of this future status of the private lessor is well provided by the finance law for 2026, as the Minister of Housing wishes. “If the stock of rental investments (carried out before January 1, 2026) also benefited from this measure, Bercy would consider it too expensive”argues the parliamentarian.

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A damping concentrated on the new housing

This damping will also be “Concentrated on new accommodation”adds Marc-Philippe Daubresse, because “The main subject, today is the recovery of the new, otherwise the real estate crisis will last still five years”. Investments in old housing could also benefit from damping but provided that they are renovated and meet certain energy performance criteria, adds the Northern Senator.

The latter has “Written 90% of the report in (his) head” But will not finalize it until Saturday evening after two final arbitrations, “Two arms of iron”. Undoubtedly with Bercy, who seeks to achieve 40 billion euros in savings As part of the finance bill for 2026. “I explain to the Minister of Economy that with this shock rental depreciation, the State will immediately collect the 20% of VAT paid by each purchaser of new housing, while the tax cost of this damping, for the State, will be spread over 9, 12, 15 or 20 years during which investors will undertake to rent. But its chief of staff replied that it is not part of the Maastrichtian budgetary orthodoxy … It is not won … “sighs Marc-Philippe Daubresse. Whose report will underline that “The private rental investor is not a Speculator’s awful who tries to tax exemption at all costs ” But a cleaning which at most has two or three apartments which he rents in order to build up an additional income for his retirement.