Did you know ?

Acquiring a listed French historic monument is a prestigious undertaking, often driven by a deep passion for architecture and restoration. Those who are drawn to such properties and wish to restore them to their former glory are often motivated by an unwavering commitment of time, effort, and financial resources. Fortunately, the state provides substantial support for these endeavours, as both maintenance and restoration costs, along with interest on loans used for the acquisition or renovation of the property, are fully deductible from rental income. Furthermore, any losses incurred from restoration works can be deducted from the overall income, with no upper limit on the deduction.

This offers a significant advantage for those considering the purchase of listed properties. Additionally, in terms of inheritance, listed properties enjoy a unique status. Specifically, the donation or transfer of a listed historic monument is exempt from inheritance tax on the portion of the estate relating to that property. While listed properties benefit from attractive tax incentives, it is important to note that they may still be subject to the Wealth Tax on Real Estate (IFI).

At Immobilier Chavanne Sotheby’s International Realty, we are pleased to offer a selection of listed historic monuments in the Midi-Pyrénées region, such as this exceptional medieval château, rich in history and expertly renovated in the 19th century. This remarkable property includes three distinct living spaces: the family château, two spacious reception rooms, a generous 150 m² gîte, and a smaller gîte, all totalling 715 m² of living space.

(source: proprietes.lefigaro & servicepublic.fr)