Editorial, Real-estate 15 February 2022

The Malraux act and its tax benefits

The Malraux Act aims to reduce taxes on the amount paid for the restauration of certain properties:
– 30% for buildings that are in a “Preserved sector”.
– 22% for buildings located in a “Heritage Protection Area”

This tax exemption is for those who invest in apartments to renovate. Investors are obliged to use a licenced Heritage Architect and must comply with the annual ceiling of € 100,000.
The work should lead to the full restoration of the building and the purpose of this law is to repopulate, restore and preserve the historic centers of cities.

Posted by

Hemaa Thiagarajan

le 15 February 2022