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Taxation of properties classified as historical monuments

Taxation of properties classified as historical monuments

The purchase of a property classified as a French historic monument is a noble choice because it is often accompanied by a true passion for architectural art and renovation. Indeed, the lovers of historic properties who wish to give a new life to beautiful buildings of the past are driven by a devouring passion: it is a question of giving of their person, their time and their money. Fortunately, these people are helped by the State since it is important to know that the maintenance and restoration costs of the property, as well as the interest on the loan used for the acquisition of the property or its renovation, are 100% deductible from the property income. Even the deficit generated by the restorations is deductible from the global income without any ceiling, which is a very important element for people who would like to become owners of classified buildings.

In the longer term, these properties also have a different status regarding inheritance, in fact, the donation or transmission of a property classified as a historic monument is exempt from inheritance tax for the part of the estate concerning the property. The classified properties are therefore subject to a very interesting tax advantage but may still be subject to the tax on real estate wealth (IFI).

Find some properties classified as French historical monument in Midi-Pyrenees in our luxury agency Midi-Pyrenees Sotheby's International Realty, including in our section castles. Some properties are fully classified or has a part of the property classified in the supplementary inventory of historical monuments.

(source: proprietes.lefigaro & servicepublic.fr)
Inform you of developments in tax law on servicepublic.fr.