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

Source: news.bloombergtax.com

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.

---

---