You are currently viewing The Pinel Plus (+) device deciphered by your Cannes concierge

The Pinel Plus (+) device deciphered by your Cannes concierge

Investing in rental property can be an excellent strategy for preparing for retirement or building wealth. To help investors and boost the rental offer and the French real estate market, the State is implementing several tax aids and benefits. Attractive and profitable, its various measures enable owners to improve the profitability of their rentals. The Pinel Plus (+) system is a very advantageous tax system, thought out to start in 2023. But who is affected by this tax system? Find everything you need to know about this state aid with your Cannes concierge. 

What is the Pinel plus device 

The Pinel Plus device is an evolution of the Pinel device, which aims to encourage investment in new real estate intended for rental. Intended to eventually replace the Pinel law, this new measure makes it possible to benefit from an income tax reduction proportional to the duration of the rental. The two devices will be effective two years before the Pinel law disappears (with an end scheduled for December 31, 2024) to make way for the Pinel plus device, or "Super Pinel". 

The advantages of Pinel + 

If we talk about the Pinel Plus law as an interesting measure to improve your rental profitability, it is because it directly impacts your rental costs. The Super Pinel scheme offers several attractive advantages for investors:

  • A greater tax reduction than that of the classic Pinel system, up to 21% of the amount of the investment.
  • A flexible rental period, ranging from 6 to 12 years, which gives you greater freedom to manage your real estate assets.
  • The possibility of renting the property to ascendants or descendants, which can be advantageous for investors wishing to help their family while benefiting from tax advantages.

What are the criteria for benefiting from this tax assistance? 

Before embarking on a real estate purchase, it is important for all investors to take an interest in the eligibility criteria for the various tax aids offered by the government. To benefit from the Pinel Plus device, here are the points that must be respected:

  • Invest in a new property or in a future state of completion (VEFA).
  • Rent the property as the principal residence of the tenant.
  • Respect the ceilings of rents and resources of the tenants, fixed according to the geographical zone of the property.
  • Comply with RT 2012 thermal regulations or obtain BBC 2005 certification to guarantee the energy performance of the accommodation.

What are the differences with the Pinel tax exemption 

One of the major improvements offered by the Pinel Plus device compared to the initial device is the increased flexibility of the rental period. While the classic Pinel device requires a tracking period of 6, 9 or 12 years, the Pinel Plus device allows a variable tracking time, ranging from 6 to 12 years. This flexibility gives investors greater freedom to manage their real estate assets according to their personal objectives. The tax reduction will then be proportional to the commitment made by the owners. Up to 21% for 12 years of rental contract, the tax reduction is 2% per year up to 9 years and then 1% for the following three years.

In addition, the new Pinel device has another significant difference from its predecessor. Indeed, thanks to the Pinel + law, you can now benefit from the reduction on your taxes while renting your accommodation to your direct ascendants or descendants. Very good news for all investors wishing to financially support their families while taking advantage of the attractive tax advantages of the scheme.

Your conciergerie in Cannes supports you in your rental investment

Investing in rental real estate can be a complex project, which requires knowledge, but also a global vision over the long, even very long term. This is why your Cannes concierge accompanies you every day to develop your rental projects. Specialist in Airbnb seasonal rentals, your YourHostHelper rental management agency helps you make your rental properties profitable while reducing your constraints. As a rental property is subject to change, ask your Cannes concierge for advice. Because, having reached the end of your Pinel profit period, you can now take an interest in the profitability of short-term rentals. Our team of Airbnb experts helps you define your investment objectives and takes care of all of your rental management. 

We take care of the visibility of your apartments, the optimization of your reservation calendar, the management of your tenants as well as the cleaning of your accommodation. Your conciergerie in Cannes also provides you with a form for estimating your annual rental income as well as a mobile application allowing you to follow the progress of your investment in due time. Thanks to our expertise, we ensure an increase in your yield of 25% on average. We provide you with the greatest possible peace of mind so that you can enjoy your investments with peace of mind. 

The Pinel Plus system is an interesting opportunity for real estate investors in 2023. Created to replace the Pinel law, the "Super Pinel" takes up all the codes of its predecessor with some very interesting improvements for owners. It offers new perspectives in the field of rental investment by offering a flexible and scalable tax reduction of up to 21%, as well as the possibility of renting out your property to relatives. Your Cannes concierge accompanies you in your project and guides you in the real estate choices best suited to your situation.