(Article 93 of the 2015 Amending Finance Act)

The law now allows local authorities and public establishments for cooperation between municipalities with their own tax regime to exempt from property tax the accommodation premises derived from the transformation of offices. It could be either offices strictly speaking, and their close and necessary outbuildings, or also business premises for the exercise of liberal activities whether such premises are occupied or vacant.

Accommodation premises resulting from the transformation must be the principal residence.

This optional exemption is temporary and therefore applies for a 5 years period starting from the year following the completion of the conversion works.

This new measure applies to premises whose conversion works are completed as from January 1, 2016, i.e., in practice for taxes established for 2017.