Tax on income. Land incomes.
Deduction for depreciation.
HOUSING DATA FOR RENT.
SUBSCRIPTION OF SHARES KIMS.
Article 91 of Law No. 2003-590 on
To the town and the habitat on July 2, 2003.

(C.G.I., art. 31-I-1 ° g and h and 31 bis)

NOR: BUD F 05 20218 J

PRESENTATION

Article 91 of Law No. 2003-590 of July 2, 2003 on town planning and habitat provides the following changes.

1 - The deduction for depreciation "Besson-nine" under 1 g ° I of Article 31 of the General Tax Code (CGI) is deleted for investment as of April 3, 2003.

2 - A new deduction for depreciation "Robien" is put in place for new housing. Codified at 1 pm, I of Article 31 of the Tax Code, it applies, under certain conditions, housing acquired or completed with effect from 1 January 2003.

It reproduces the essence of general device "Besson-nine." Other important changes are the extension of the tax benefit acquisitions for rehabilitation of housing does not meet the requirements of decency (hereinafter "Robien rehabilitation"), the absence of limits resources, the implementation of a new zoning limits rents and the possibility of giving rental housing to a public or private organization that gives sublease naked residential primary. For convenience, this instruction means the new device with the words "Robien housing."

3 - A deduction for the amortization specific is planned for purchases in cash to the initial capital or capital increases of civil societies of these investments. The purchase must be indicated for 95% of the investment amount for which the conditions of application of the deduction provided for in the hours of 1 ° I of Article 31 of the Code are met. This new deduction is carried out immediately by the associated subject to a lease commitment endorsed by the SCPI and conservation of shares by the shareholders. For convenience, this instruction means the new device with the words "Robien KIMS."