The real estate investment consulting firm Amberstone takes stock of the main measures of this new 2022 finance bill and reviews their positive consequences for investors in new buildings.
Lower income tax
The various brackets of the income tax scale will be increased by 1,4% in 2022. The revaluation will concern the taxation of French household income for 2021. This measure was born due to the increase in prices at the consumption and its objective is to offset the effects of inflation. The scale of the neutral rate (withholding tax) will also be revalued. “This tax advantage is used directly to maintain a level of consumption and investment of the French,” says the founder of the Amberstone firm Béatrice Dossou-Yovo.
Gradual exemption from housing tax
Already reduced in 2021, the housing tax will be lowered again by 65% for taxpayers still subject to this local tax in 2022. The housing tax for main residences will be definitively abrogated from 2023, except for housing vacant and second homes.
An increase in the budget allocated to housing
The budget allocated to the Ministry of Housing will increase by 7% and will be evaluated at 17,1 billion euros for 2022. This represents an increase of + 6% compared to the 2020 budget. This amount includes access aid housing (APL), emergency accommodation, town planning and housing areas. The 2022 finance bill also emphasizes the renovation of the old building stock and for new constructions, the ministry ensures the continuity of the Censi-Bouvard tax system.
My PrimeRenov 'extended
In order to continue to promote the energy renovation of housing, the MaPrimeRenov 'scheme will be extended in 2022 with a budget of 2 billion euros. In September 2020, the government initiated this measure with the aim of reducing heat sieves in the French real estate market. Accessible to owner-occupiers as well as owner-lessors and condominiums, the ambition for 2021 was to initiate 400 cases. This is the double that is expected for 000.
The Pinel + system in 2022
The new finance law provides for the extension of the Pinel system under the same conditions until the end of 2022. This extension is in parallel with the State's energy recovery plan and affirms its desire to improve the energy efficiency of housing . These performance criteria correspond to the RE2020 environmental standard for new housing.
Developments in the real estate market with regard to these new flagship measures
All these budgetary measures in the 2022 Finance Bill help to maintain purchasing power and investment, in an inflationary trend, especially in the real estate market.
For Béatrice Dossou-Yovo: “The maintenance of the Pinel Law (Pinel +) proves the government's desire to maintain demand on the new property market and therefore to keep this market attractive. Indeed, the Zero Rate Loan as well as the Censi-Bouvard law complete the array of incentive measures. Individuals become donors themselves: they create their own transferable private wealth, and build up additional retirement income. On the other hand, the state relieves itself of a housing production that it cannot afford on its own. ”