Investment in real estate information
In force between January 1, 2009 and March 31, 2013, the scheme was available for bare rental in France (mainland and overseas departments), in Mayotte or in an overseas territorial unit, and for furnished rental (known as "Censi-Bouvard") until December 31, 2018.
The investment can be made directly by an individual or through a company not subject to corporate income tax.
The buildings concerned
Eligible housing may have been acquired: completed, unfinished to be completed, in VEFA, to be rehabilitated or renovated, transformed if initially assigned to a use other than housing or built by the taxpayer.
Housing that has been the subject of an application for a building permit from January 1, 2010 to December 31, 2011 must meet a level of overall energy performance.
Obligations of the lessors
The housing must be rented as a principal residence for at least 9 years to a natural person (other than a member of the owner's tax household or an ascendant) or to a legal entity subject to corporate income tax.
The lessor must ensure compliance with a monthly rent ceiling per square meter excluding charges (in the "free" sector) and with the tenant's resources (in the "intermediate" sector).
The 13% tax reduction
It is calculated on the cost price of the property within the limit of a ceiling per m² of living space set by decree and of €300,000.
The reduction is divided by 9th over 9 years, and reduces the income tax payable by the landlord.