PRINCIPLE

The Historical Monuments law was instituted in 1913 to restore and maintain buildings that are particularly valuable in terms of National Heritage. In this way, the state transfers the safeguarding of a large part of the National Heritage to private investors.



THE OBJECTIVES OF AN INVESTMENT IN A HISTORICAL MONUMENT

  • Build up exceptional heritage, inscribed or classified as a Historic Monument, which will retain all the advantages linked to its status throughout its period of detention and at the time of its resale or transmission.
  • Make this investment through a loan with or without a contribution
  • Protecting your family through ADI (death and disability insurance)
  • Immediate impact on the IMT for the taxpayer who has to deal with exceptional income.
  • Benefit from all the advantages of a new home, once the rehabilitation is complete
  • With the possibility of sharply reducing taxes (for residents in France)
  • Resale possible at 15 years post notarial deed.



HISTORICAL MONUMENT - CONDITIONS

Type of property Any building classified or listed as a Historic Monument
Mechanism and advantages Deduction of 100% of maintenance and rehabilitation works from land income and overall net taxable income
Excluding the global cap on tax loopholes
Reduction or even elimination of the CSG-CRDS on land income
No deduction limit on property income
Ceiling and Limits No limit: the entire deficit generated is attributable to overall income
Obligations Bare rental of the property for a minimum of 3 years Holding of the property for 15 years
Withholding at source Work paid in year N and subsequent years reduces the amount of tax withheld at source for each corresponding year
Implementation of the tax advantage Building acquired in N: works paid for in N are taken into account at 100% in N, idem in N + 1
Heritage interest Be the owner of an exceptional property registered or classified as a Historic Monument, which will retain all the advantages linked to its status throughout its period of detention and at the time of its resale or transmission
Details Any building eligible, at the owner's option, to the special regime for historic monuments (articles 156 I 1°-3 and 156 bis of the General Tax Code) may nevertheless be the subject of an investment within the standard framework of property income. In this case, any deficits arising from the operation of this building are charged in priority to the owner's other property income, and beyond, up to a maximum of € 10,700 of his overall income. The balance can be carried over to land profits for the subsequent 10 years.