Rental property: MPs offer you 3 months of reprieve to take advantage of Pinel before its end

The Finance Committee of the National Assembly adopted an amendment postponing to March 31, 2025 the deadline for signing the authentic deed of purchase of an investment made with this tax advantage.

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This is not the extension of at least one year of Pinel demanded by real estate developers from the government. But this devicerental investment assistance in thenew real estate, supposed to expire on December 31, 2024 after ten years of existence, has just been extended for three months thanks to the adoption, by the Finance Committee of the National Assembly, Monday November 4, of a amendment to the finance bill (PLF) for 2025 defended by Horizons MP François Jolivet. This amendment, of which we do not know whether it will appear in the final version of the PLF 2025, especially if the government does without the vote of Parliament by resorting to 49.3, postpones to March 31, 2025 the deadline for signing the authentic deed of purchase of an investment in Pinel.

Today, you must have signed this deed at the notary no later than December 31, 2024 to benefit from the Pinel tax advantage. Which implies having signed an accommodation reservation contract with a developer at least two months before, that is to say at the end of October… Developers are also increasing the number of commercial offers since the start of the September school year to encourage people interested in investing in Pinel to take action before it is too late. The amendment adopted on Monday gives potential investors in Pinel a little more time to turn around.

Pinel is indeed deleted as of March 31, 2025

“This transitional measure is necessary to not jeopardize real estate programs currently being marketed»especially in the midst of a real estate crisis, explains François Jolivet, recalling that“with each elimination of the tax loophole, we left three additional months to allow the signing of authentic purchase deeds”. The MP emphasizes, however, that the reservation contract with the promoter must, for its part, “be concluded before December 31, 2024”. You therefore have a little less than two months left to sign such a contract if you wish to invest for tax exemption. A purchase in Pinel allows you to obtain an income tax reduction of between 9% and 14% of the purchase price, in return for renting your property at a price lower than the market price for 6 , 9 or 12 years, to people whose reference tax income does not exceed certain ceilings.

After March 31, 2025, however, the possibility of investing in Pinel will be definitively removed. The National Assembly had rejected in public session on October 24, several amendments aimed at extending it by one year or three years. Housing professionals, starting with the Federation of Real Estate Developers (FPI), demanded this extension in order to support rental investment by individuals in the context of a never-ending real estate crisis. Especially in the absence of new aid for rental investment, such as the creation of a real private landlord status, also rejected by the National Assembly. But the Minister of the Budget, Laurent Saint-Martin, and the general rapporteur of the Budget to the Assembly, Charles de Courson, opposed it, in the name of the cost and of the‘inefficiency of Pinel, denounced by “everyone who rated it”including the Court of Auditors.