The real estate tax reforms introduced by the 2025 Finance Act bring significant changes for owners, investors, and tenants in France. Here's an overview of the main measures:

​

Real Estate Capital Gains Tax Reform Capital gains realized on the sale of second homes and rental investments will now be subject to higher taxes above a certain threshold, in order to limit real estate speculation and encourage the rental of vacant properties. investissement-locatif.com Adjustment of Tax Benefits for Furnished Rentals The status of Non-Professional Furnished Rental (LMNP) is undergoing changes, with a reduction in tax allowances on rental income. This measure aims to balance the rental market by favoring long-term rentals over seasonal rentals such as Airbnb. extencia.fr

​

Energy Renovation Incentives Enhanced tax incentives are being introduced for homeowners undertaking energy renovation work. These measures aim to reduce the number of energy-inefficient homes and promote more environmentally friendly practices in the real estate sector. maison.20minutes.fr Changes to the Taxation of Real Estate Companies (SCI) SCIs' tax regime is changing, particularly with regard to the taxation of property income, to ensure greater tax fairness between different types of real estate ownership. investissement-locatif.com Reassessment of Property Taxes Local authorities have greater flexibility to adjust property tax rates, which could lead to an increase in these taxes in certain regions, depending on local budgetary needs. lemonde.fr Limitation of Tax Benefits for Rental Investments Certain tax measures, such as the Pinel Law, are being revised or eliminated in order to refocus tax benefits on areas where rental demand is truly strong and to prevent windfall effects. maison.20minutes.fr

​

These reforms reflect the public authorities' desire to adapt real estate taxation to current challenges, by promoting more efficient use of resources and ensuring a more equitable distribution of the tax burden.