France Mortgage Interest Deduction — Abolished in 2011
France no longer offers a mortgage interest deduction for primary residences (abolished 2011). See what replaced it and how France compares to other countries.
No mortgage interest deduction for primary residences in France
There is no tax benefit to calculate. See the notes below for details.
- •No deduction for primary residence: the crédit d'impôt on new mortgage interest was abolished in 2011. The transitional regime for pre-2011 loans expired by 2022. There is no current benefit.
- •Rental properties: mortgage interest is deductible as a charge foncière against foncier (property rental) income.
- •Some energy-renovation credits (MaPrimeRénov') exist, but these are for renovation costs — not mortgage interest.
France: Mortgage Interest Deduction Abolished in 2011
France previously offered a crédit d'impôt (tax credit) on mortgage interest for primary residences. This was abolished for new mortgages taken out after January 1, 2011. The transitional regime for loans signed before 2011 fully expired by 2022.
There is no current mortgage interest deduction or credit for primary residence homeowners in France.
What Was the Old Crédit d'Impôt?
Between 2007 and 2010, France offered a 40% tax credit in year 1 and 20% in years 2–5 on mortgage interest for primary residences, capped at €3,750/year (single) or €7,500/year (married). The credit was restricted to first-time buyers for the last year of its existence.
Current Alternatives
- Rental properties: mortgage interest fully deductible as charge foncière against rental income (régime réel)
- MaPrimeRénov': state subsidy for energy-efficiency renovations — not related to mortgage interest, but can significantly reduce home improvement costs
- Prêt à taux zéro (PTZ): zero-interest loan for first-time buyers, income-conditional — reduces total borrowing cost but is not a tax deduction
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