What improvements have been made to take advantage of the Normandy facility?

Since 1^er January 2019, the Denormandie facility allows you to benefit from a tax reduction if you make a rental investment in the old and degraded districts of certain municipalities and carry out works.

The 2020 budget had expanded the list of eligible works. Thus, to achieve the 25% of the total cost of the operation, not only the work carried out may be counted, but also that permitting the modernization, cleaning up or fitting-out of living areas (including attics and basements) or the creation of new living areas.

For investments made since 1^er january 2020, work on:

• the creation of new habitable areas or ancillary areas;
• the modernization, reclamation or improvement of these areas;
• work to achieve energy savings for all surfaces.

These ancillary surfaces may be:

• garages, parking spaces and communal common areas;
• outbuildings: loggias, balconies, private terraces, verandas, external dryers, cellars with a surface of at least 2 m² as well as, in individual dwellings only, individual garages and attic accessible.

Work on premises or leisure equipment is excluded.