Take advantage of the Denormandie Law to invest in real estate while reducing your taxes. In Voiron, the LE CHÂTEAU residence meets all the criteria of this tax incentive program, offering a high-quality renovation project and strong rental potential. A great opportunity for investors!
The Denormandie program was established in certain eligible municipalities to encourage the renovation of older buildings into rental housing. It allows investors to receive an income tax deduction in exchange for purchasing an older property in need of renovation, with the intention of renting it out after the work is completed. This tax incentive applies to investments made through December 31, 2027, subject to several eligibility requirements.
The Denormandie Act: What Are the Eligibility Criteria?
Location: The property must be located in an eligible municipality, such as Voiron, which is in Zone B1.
The property: The investment must be in an older home requiring renovation work amounting to at least 25% of the total cost of the project, or approximately 33% of the purchase price.
Rental: The property must be rented unfurnished and used as a primary residence for a period of 6, 9, or 12 years.
Caps: Rents and tenants' income are capped
For example, in Zone B1, tenants’ taxable income must not exceed:
- 36,144 for a single person;
- €48,268 for a couple;
- €58,043 for a couple with one child.
In Zone B1, rent is capped at €11.68 persquare meter of usable floor area, excluding utilities.
The tax benefit: This is an income tax reduction calculated based on the total cost of the transaction (purchase price and cost of renovations). The reduction rate varies depending on the length of the lease commitment:
- 12% for 6 years;
- 18% for 9 years;
- 21% for 12 years.
Invest in the LE CHÂTEAU residential complex in Voiron
Discover a unique real estate development on Route des Gorges: the renovation of the former hospital, transformed into 53 exceptional residences. Each apartment combines contemporary comfort with authenticity, featuring modern amenities while preserving the charm of the original building, particularly its beautiful high ceilings.
A prime location
Located in a highly desirable setting, Voiron charms residents with its balance between a small, livable town and nature, in the heart of the Chartreuse Mountains. Close to Grenoble and its job market, with quick access to major highways, this development offers an ideal opportunity for both living and investing.
New real estate development in Voiron featuring 53 apartments ranging from studio apartments to 4-bedroom. Some units include a mezzanine.
For more information, please contact your advisor, Sébastien BOLLON, at 06 27 09 00 38.
