Hope dashed for the rental investors. Friday October 31, the deputies adopted a amendment by Jean-Paul Mattei (The Democrats) to the finance bill for 2026 aimed at replacing the current real estate wealth tax (IFI) with a tax on unproductive wealth, in excluding rented real estate from the base of the latter. “The IFI’s base appears economically incoherent. It includes real estate assets not allocated to the professional activity of their owner which, in many situations, nevertheless contribute to the dynamism of the French economy.argues Jean-Paul Mattei in the explanatory statement of his amendment.
“In order to encourage productive investment”this one proposes to leave the base of the future tax on unproductive wealth “productive real estate assets, namely real estate rented for more than a year meeting particularly environmental criteria”. Namely an energy performance diagnosis score between A and D and rents not exceeding the ceilings set in article 2 terdecies G of annex 3 of the General Tax Code.
Real estate capital gains: the Assembly extends the exemption for sales by individuals to social landlords
Rented property ultimately included in the new tax base
Weary! The National Assembly subsequently adopted the subamendment number 3915 of the socialist deputy Philippe Brun who “corrected the pitfall » of the Mattei amendmentwe read in the explanatory memorandum. A pitfall which, for Philippe Brun, lies in the fact “to exclude from the base (of the tax on unproductive wealth) rented properties (while) the latter are very largely concentrated in the hands of a few multi-owners, (which) would greatly reduce the base of the wealth tax thus renovated”. “THE multi-ownerseven if they have 10, 15 or 20 apartments, would escape this tax: we wonder why!added MP Jean-René Cazeneuve. Also “does sub-amendment number 3915 by Philippe Brun reinstate real estate rented out into the (tax) base”summarized the general budget rapporteur to the National Assembly, Philippe Juvin.
As a result, in the future tax on unproductive wealth as in the current IFI, real estate rented out appears in the tax base. The main residence is, however, excluded from the future tax base. on unproductive wealth, within the limit of 1 million euros, according to another sub-amendment by Philippe Brun to the Mattei amendment, also adopted by the deputies, in particular those of the National Rally (RN). “You protected Montretout (the former Le Pen family home in Saint-Cloud) but the French do not all live in a castle!”criticized Aurélien Coq (La France Insoumise). “We are indeed very happy that there is an exemption of 1 million on the main residence: this will relieve many of our compatriots”replied Marine Le Pen (RN). It remains to be seen what fate will be reserved for these sub-amendments by the Senate, called to examine the draft budget from this Tuesday, November 4.
Secondary residences: MPs reduce the capital gains exemption period by 5 years
