TLDR: You may benefit from the tapering continuation if you have lost a TFPB exemption provided for under Article 1390, I, or Article 1391, I, of the CGI, while continuing to meet the conditions relating to the dwelling. The scheme provides for two years of exemption, followed by a two-thirds and one-third reduction over the following two years.
Who can benefit from the tapering continuation?
The scheme applies to taxpayers who have lost the benefit:
- of the exemption provided for under Article 1390, I, of the CGI, for recipients of certain allowances;
- or of the exemption provided for under Article 1391, I, of the CGI, for taxpayers over 75 years of age whose income does not exceed the limit provided for under Article 1417 of the CGI.
To benefit from it, you must cumulatively meet two conditions:
- have lost one of these property tax exemptions for built properties (TFPB);
- continue to meet the conditions relating to the dwelling provided for the exemption concerned.
How long does the scheme last?
The tapering continuation applies for four years from the year following the year for which you last benefited from the initial exemption:
- the first year: TFPB exemption;
- the second year: TFPB exemption;
- the third year: a reduction of two-thirds of the taxable base;
- the fourth year: a reduction of one-third of the taxable base.
The reduction applies to the TFPB assessment base, namely the updated and revalued cadastral income.
When does the continuation end?
The scheme ends before the four-year period is over if:
- you no longer meet the conditions relating to the dwelling;
- you again benefit from one of the exemptions provided for under Article 1390, I, or Article 1391, I, of the CGI.
The tapering continuation does not apply when the loss of the exemption results from the correction of errors, inaccuracies, omissions or insufficiencies in the assessment of the tax.