TLDR
For the Scellier scheme, the second proportional reduction, known as the “trim,” reduced the tax reduction rates by 15%. For the Censi-Bouvard or LMNP scheme, the sources confirm a decrease in the rates for investments made in 2012, without making it possible to specify the percentage.
Scellier scheme
The second proportional reduction of the tax benefit reduced the tax reduction rates of the Scellier scheme by 15%. The “trim” therefore concerns the rates used to calculate the reduction, and not a uniform 15% reduction of the final amount obtained for each investment.
Based on the available information, this measure applies, subject to exceptions, from January 1, 2012.
Censi-Bouvard or LMNP scheme
For real estate investments made in 2012, the BOFiP indicates a decrease in the rates applicable to the Censi-Bouvard scheme, also referred to as “LMNP” in the excerpts examined.
However, the available information does not make it possible to confirm a specific percentage for this decrease or to assert that the 15% rate applicable to Scellier also applies to LMNP.
Scope of the answer
The applicable rates depend on the nature and characteristics of the investment as well as its commitment date. You therefore cannot deduce a single final rate for all Scellier or LMNP investments based solely on the proportional reduction.
The exceptions to the application of the measure from January 1, 2012, are not detailed in the information provided.