Real estate: is the anti-Airbnb law finally buried?

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The dissolution of the National Assembly announced by Emmanuel Macron calls into question the promulgation of an anti-Airbnb law backed by the government. His future is tied to the outcome of the next parliamentary elections.

Capital Video: Real Estate: Is the Anti-Airbnb Law Finally Buried?

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An unexpected turn of events. Before being announced, the proposed law “aimed at correcting imbalances in the rental housing market,” more commonly known as the anti-anti-Airbnb bill, may never see the light of day. The text adopted by the Senate on May 21 was expected in the Joint Committee (CMP) at the beginning of June. However, Emmanuel Macron’s decision to dissolve the National Assembly has completely halted the legislative process of the text until the next parliamentary elections, which are scheduled for June 30 and July 7. Before leaving for good?

As a reminder, the trans-party bill “aimed at correcting imbalances in the rental housing market in a tense zone”, supported by former MPs Annaïg Le Meur (Renaissance) and Inaki Echani (PS), aims to tighten the rules regarding the rental of furnished tourist accommodation. It sets out a number of measures aimed at balancing the proportion of furnished tourist accommodation and traditional accommodation in regions where the rental housing market is particularly tight. The aim is to encourage owners to offer their properties on the long-term rental market. than renting it on Airbnb.

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The key measures of this law the tax loophole used by the owners of furnished tourist accommodation facilities. Currently, tourist rentals benefit from a 71% tax reduction in narrow areas with a maximum income of €180,000, compared to 30% for long-term rentals. The text plans to align the taxation of tourist rentals with the taxation of long-term rentals with the reduction reduced to 30%.

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End of clapping for the majority of RNs in the assembly

It remains to be seen whether or not this bill, championed by Housing Minister Guillaume Kasbarian, will continue its legislative journey before its eventual promulgation after the parliamentary elections. Contacted by user Capitalthe spokesperson of the National Assembly specifies “that it will be up to the President of the Senate to renew the transmission of this proposal to the newly elected Assembly in the last text taken up by the previous Assembly, and with the object of restoring the shuttle to the point at which it had arrivedIn other words, the text should once again be submitted for a vote by the newly elected deputies before it goes to the Senate. The fate of this bill will therefore depend on the results of the parliamentary elections. If the National Assembly becomes a majority in the Assembly next month, the future of the text will be largely in jeopardy, as the vast majority of RN MPs are against the text. He would therefore massively vote against the bill, which would result in the definitive burial of the famous anti-Airbnb law.

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