France Reduces VAT, Exempts Property Tax for Select Social Housing Renovations

The French Official Gazette published Decree No. 2024-1142 on December 5
The decree applies a reduced VAT rate of 5.5 percent
It also exempts certain social rental housing from property tax on built properties
Tax benefits target housing in Guadeloupe, Guyana, Martinique, Reunion, and Mayotte
Benefits also apply to buildings that meet specific energy and environmental performance standards
Eligible buildings must use at least 50 percent renewable heat sources for domestic hot water
The decree becomes effective on December 6

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.