Real estate tax exemption with the Malraux law
Real estate tax exemption with the Malraux law

Real estate tax exemption with the Malraux law

The "Malraux Law" refers to the law of August 4, 1962, named after the Minister of Culture at the time, André Malraux. This law aimed to promote the renovation and preservation of French architectural heritage. The Malraux Law seeks to encourage the restoration and rehabilitation of old buildings located in protected areas, meaning zones that have particular historical or architectural interest. In exchange for undertaking renovation work, property owners can benefit from significant tax advantages. The mechanism of the law indeed allows property owners to deduct a portion of their renovation expenses from their taxable income, thereby reducing their income tax. This tax reduction is calculated based on the amount of work carried out and the location of the property...
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