At dawn 2019, you can obtain a reduction equal to 66% of the amounts paid, up to a limit of 20% of taxable income. But what if the donations exceed 20% taxable? Do not panic! The tax authorities carry the surplus over the next five years. The excess, therefore, gives rise to tax reductions Tax exemption in real estate for you If you want to spend money in real estate and rent it, you can opt for the Pinel plan . You can just as easily get the benefits of the Pinel law by investing in the old as in the new. Indeed, investing in new has the advantage of having a quick rental. You can indeed rent the property, and get tax reductions on the rents received by your tenants. Investing in the old one and obtaining the Pinel advantages will require renovating the accommodation before being able to rent it out. Some of the frequently asked Question If I am Living in USA then How to file us income tax return online Indeed, it is necessary that the housing is new or is already new to purchase to be able to rent under the Pinel regime. you then get a reduction of: 12% for rentals committed for six years 21% for rentals committed for 12 years However, you will need to rent your property as a main residence to the occupants. In addition, rentals are made according to the income threshold of your tenants. This threshold changes depending on the area in which you live. Indeed, zones A, B1, and B2 govern these ceilings as well as the composition of the household (children and dependents, parents). You can view this threshold in our article: " the purchase or rental of an apartment: is it possible to pay less tax?" Declare your energy transition work CITE: a Tax credit for the energy transition If you are about to do some work, you might as well do some green work! The government thanks you for this initiative by providing a tax credit. Your work will, therefore, be as good for your wallet as for the environment. The energy transition works are eligible for a called CITE tax credit (tax credit for energy transition). The future owners feared the abolition of this credit at the dawn of 2019. Indeed this tax credit was to end on December 31, 2018, but there is an extension thanks to the 2019 finance law. This extension was maintained until 2020. You can indeed do work to make thermal and acoustic insulation for:
There are three tax credit rates:
These credits have an overall ceiling of € 8,000 for a single person and € 16,000 for a couple in common taxation (married couple, PACS). In addition, this ceiling is increased by € 400 per dependent. These rates apply over a period of 5 consecutive years.
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10/26/2022 11:50:31 pm
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4/13/2023 05:46:58 pm
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