Arrangement of historical monuments

The Historic Monuments Scheme provides significant tax advantages by investing in the renovation or acquisition of a building classified as a historic monument or included in the supplementary inventory of historic monuments.

In concrete terms, if you own a building classified as a historic monument and you carry out restoration or maintenance work on it, you can deduct the expenses related to that work from your total income, without any limit on the amount. This deduction is spread over a period of 3 years.

In addition, owners of historic monuments benefit from a property tax exemption for 25 years from the year following the year in which the restoration work is completed. They can also benefit from an exemption from the real estate wealth tax (IFI).

However, the layout of the historic monuments is subject to strict conditions. The building must be classified or entered in the supplementary inventory of historical monuments, and the work must be carried out under the supervision of the architects of the buildings in France. In addition, the work must be in the public interest and cannot be carried out for personal use.

In summary, the Historic Monuments Scheme provides significant tax advantages by investing in the renovation or acquisition of a building classified as a historic monument or included in the supplementary inventory of historic monuments. The owners of these buildings can deduct the costs associated with the restoration work from their overall income, benefit from a property tax exemption and an IFI exemption. However, the scheme is subject to strict conditions and the works must be carried out in the public interest.