PLFSS 2026: Real estate investment protected from the increase in the CSG
The final vote on the Social Security Budget (PLFSS 2026), which took place on Tuesday 16 December, provides a major clarification for investors: real estate is not covered by the targeted increase in the CSG. While the text provides for a 1.4 point increase in social security contributions for certain financial investments, real estate assets benefit from a favourable arbitrage. Here's what you need to know about your wealth strategy:
- Stability for physical real estate and real estate: Property income (bare rental) and real estate capital gains remain taxed at the current rate of 17.2%. This stability also applies to indirect investment solutions such as SCPIs, SCIs or listed real estate companies, confirming their role as a tax haven for 2026.
- Preservation of rental investment: By excluding real estate from the scope of the reform, the executive wishes to avoid weakening a sector that is already heavily involved, thus guaranteeing the maintenance of net performance for landlords.
- A nuance for furnished rentals: Beware, however, of one notable exception. Income from assets taxed under the non-professional BIC (LMNP) regime as well as income from Professional Furnished Rentals (LMP) will be subject to the increase in social security contributions, bringing the rate to 18.6%.
Activ Patrimonia's opinion
In a context of increased tax pressure on cash (securities accounts, tax-advantaged savings accounts, dividends), real estate is reaffirming its status as a strategic asset. This decision reinforces the attractiveness of real estate to prepare for retirement or to pass on capital, while benefiting from a protected tax framework.
Posted on 19/12/2025 by
Eric SAVARD
