In a constantly evolving tax environment, particularly with the possible elimination of certain tax breaks expected in upcoming fiscal and social laws, businesses and individuals are seeking investment solutions that are both profitable and tax‑efficient.
In 2025, despite the end of some emblematic schemes such as the Pinel Law, several levers remain available, especially in real estate.
Real estate: a still attractive market
The end of Pinel does not mean the end of tax advantages in real estate. Several regimes remain relevant:
- Loc’Avantages: extended until 2027, this scheme allows a tax reduction of up to 65% of rents received, in return for a commitment to rent at a moderate rate.
- Denormandie: focused on renovating old housing in revitalized city centers, it offers up to 21% tax reduction over 12 years.
- Malraux and Historic Monuments: for properties located in heritage zones, these schemes allow a significant portion, or even all, of renovation costs to be deducted from global income, without being subject to the cap on tax breaks.
- Property Deficit: in the case of renovation work, the deficit generated can be offset against global income up to €21,400, particularly for energy improvement works.
- Pinel DOM‑TOM: a reinforced version of the classic Pinel. While the metropolitan Pinel ended in January 2025, its overseas version remains in force. Pinel DOM‑TOM allows investment in new rental housing, with higher tax reduction rates than the classic Pinel: 23% over 6 years, 29% over 9 years, and 32% over 12 years.
- Girardin Social: a particularly advantageous tax scheme for highly taxed taxpayers. It allows financing of social housing construction in overseas departments and territories, through an approved investment company.
In return, the investor benefits from a tax reduction the following year, often greater than the amount invested, with a fiscal yield that can reach 125%. - Acquiring woodlands and forests is an interesting wealth strategy, combining diversification, easier transfer, and tax benefits. In France, this type of investment allows a 25% income tax reduction on the amount invested, up to €50,000 for a single person (€100,000 for a couple). In addition, there is partial exemption from real estate wealth tax (IFI) and inheritance duties, subject to signing a 30‑year sustainable management commitment.
Beyond tax advantages, investing in forests also contributes to environmental preservation, combating climate change, and enhancing natural heritage. However, this type of investment requires good knowledge of the forestry market, regulatory constraints, and risks linked to exploitation.
Conclusion
Whether through real estate or Girardin, tax‑saving opportunities still exist in 2025. They nevertheless require specialized expertise to secure operations and avoid risks.
Our COGEP experts support you in selecting, structuring, and monitoring these investments, ensuring both compliance and performance.
