French General Tax Code
In forceI.-An annual contribution is introduced on income from the rental of premises located in buildings that have been completed for at least fifteen years on 1 January of the tax year, paid by the lessors mentioned in I of article 234 duodecies and in articles 234 terdecies and 234 quaterdecies.
II.-(Repealed)
III.-Income derived from the rental of:
1° the annual amount of which does not exceed €1,830 per premises;
2° which gives rise to the payment of value added tax;
3° granted to the State or to national public scientific, educational, assistance or charitable establishments;
4° granted under Books I and II of the Code de l'action sociale et des familles and exclusively relating to the social welfare service;
5° for life or for an unlimited period;
6° of real estate owned or intended to be owned, under the contracts listed in Article 1048 ter, to the State, local authorities, public establishments and bodies dependent on them and low-income housing bodies ;
7° residential premises that form part of or are attached to a farm, as well as premises whose owners have redeemed the levy on rents, provided for by article 11 of the amending finance law for 1964 (no. 64-1278 of 23 December 1964);
8° buildings belonging to semi-public construction companies or whose purpose is urban renewal or property restoration as part of operations entrusted by public authorities, as well as those belonging to the houillères de bassin ;
9° properties forming part of approved holiday villages or family holiday homes;
10° dwellings belonging to non-profit organisations or social economy unions carrying out the activities mentioned in Article L. 365-1 of the Construction and Housing Code, and whose de jure or de facto managers are not remunerated;
11° Dwellings that have undergone renovation work defined by decree, where at least 15% of the cost of this work has been financed by a subsidy paid by the Agence nationale de l'habitat, for the fifteen years following the year in which the work was completed.
12° Dwellings that, after being vacant for more than twelve months, have been rented out under an agreement signed on or after 1 July 2004 in application of 4° of Article L. 831-1 of the French Construction and Housing Code, with the benefit of the exemption applying until 31 December of the third year following the year in which the lease was entered into.
IV. and V. (Repealed).
