French General Tax Code
In forceA rebate is granted on the property tax assessment on built properties relating to buildings used for residential purposes, belonging to low-income housing bodies referred to in article L. 411-2 of the French Construction and Housing Code or semi-public companies whose statutory purpose is the construction or management of housing, as well as the bodies mentioned in article L. 365-1 of the same code.
This rebate is equal to a quarter of the amount, excluding tax, of the expenditure on renovation work, less any subsidies received relating to this expenditure, paid during the year preceding that in respect of which the tax is due, when this work relates to the premises mentioned in II, 1° of III and IV of article 278 sexies, are intended to contribute directly to the saving of energy and fluids and concern:
1° Components of the building envelope;
2° Heating systems;
3° Domestic hot water production systems;
4° Cooling systems in overseas departments;
5° Energy production equipment using a renewable energy source;
6° Ventilation systems;
7° Space lighting systems;
8° Water and heating cost allocation systems.
When the expenses cannot be charged in full against the assessments for the properties in question, the balance of the deductible expenses is charged against the assessments for properties taxed in the same commune or in other communes under the jurisdiction of the same tax department in the name of the same lessor and in respect of the same year.
