Description
The Historical Monuments Law has existed for over 100 years. It involves the maintenance and restoration of properties classified as historical monuments or listed in the ISMH (Supplementary Inventory of Historical Monuments).
The purchase of the property must require restoration work. The restoration and maintenance costs of the property, and loan interest related to the acquisition of land and works, are 100% deductible from rental income. The deficit generated is deductible from global income and has no ceiling. Donation or transfer of property under the Historical Monuments Law is exempt from inheritance tax.
The 2018 Law requires the property to be retained for at least 15 years.
Investments with this scheme are more advantageous for all highly taxed taxpayers looking to invest in city-center real estate while deducting their taxes.
An exceptional property to reduce your taxes