Generalization of PTZ in real estate, share buybacks: MPs continue to rewrite the budget in committee

Final stretch and new overtaking by the left. Set to complete the revenue section of the finance bill during the day, the deputies have considerably increased the tax on share buybacks and cancellations proposed by the government.

Not only was the rate of this tax increased from 8% to 30% (for an expected gain consequently increased from 200 to 750 million euros), but the commission also adopted a "tax on share buybacks" of 3%, effectively creating a double taxation of this decried practice.

Votes at this stage have no consequences, since these measures will have to be validated again next week in the chamber, where the revenue part of the budget will be debated based on the initial text.

The same will apply to the financial transaction tax, which the left has obtained an extension and a doubling of the rate.

Earlier, the deputies largely adopted a generalization of the zero-rate loan (PTZ) in real estate, extended to new and old housing throughout the territory for the next two years.

The Finance Committee is thus putting pressure on the government, which has promised to present its own amendment in session for "an extension of the PTZ".

On the same subject, the socialists have reduced the tax allowance on "furnished tourist accommodation" and increased the tax allowance on unfurnished rentals.

An initiative modeled on their anti-Airbnb bill, which will be the subject of a joint committee (CMP) on October 28 in order to find a compromise text between deputies and senators.