REAL ESTATE : CAN ONE REDUCE HIS TAXES WITH A CREDIT ?

REAL ESTATE !

REAL ESTATE :  CAN ONE REDUCE HIS TAXES WITH A CREDIT ?
REAL ESTATE :  CAN ONE REDUCE HIS TAXES WITH A CREDIT ? 

It is possible to obtain a tax credit through a home loan. However, this possibility remains subject to certain conditions.

THE MALRAUX SCHEME FOR THE TAX CREDIT

In the first place, to take advantage of a tax credit with the Malraux law, you have to invest in a rental way in the old one. Indeed, the property in question is necessarily located in a protected area or a historic district.

In addition, the renovation of the property entitles to a tax reduction of between 22 and 30% of the amount of work carried out, up to a limit of 400,000 euros.

The period is established over 4 consecutive years. This device can be completed by other devices such as the Bouvard law.

THE BOUVARD LAW AND FURNISHED RENTING

The Bouvard law or the Censi-Bouvard law is currently applicable until December 31, 2018. This law, which applies to the furnished rental of apartments or houses, allows a tax deduction. This tax deduction is possible for a rate of 11% of the amount of the purchase of real estate.


However, it is mandatory to offer the property in furnished rental to a student, a senior, or a public health facility, or to a professional.

The Censi-Bouvard law is a tax benefit linked to a tax deduction. This benefit is available for a period of 9 years. In addition, its limit is 300,000 euros. It can be cumulated with the Malraux law of 2013 on the acquisition of a rental property in the former.

PINEL LAW PROVISIONS FOR A TAX CREDIT

The Pinel law dates from the year 2014. This law proposes a tax reduction for all those who wish to invest in the new. Initially planned to end in 2017, the Pinel device is extended until 2022.

With the Pinel law, one can benefit from a tax credit that can reach the rate of 21%. To meet the criteria of the Pinel law, you must buy a new home or in a future state of completion.

 In addition, the investor is asked to target this property for lease in a predefined area. In this zone, the supply of available housing remains below demand.

INCOME TAX EXEMPTION VIA THE PINEL LAW


The investment under the Pinel law concerns a tense zone of type A bis, A and B1. If the investor plans to rent the property for 6 or 9 years, the extension is possible up to a maximum period of 12 years.

 In addition to the tax rebate that can reach 21%, it is possible to rent his property to the family. In addition, the Pinel law allows the deduction of taxable rental income. This concerns loan interest, loan guarantee fees, property tax.

 We can also note the costs inherent in the rental management of the property, the cost of maintenance and repair of housing, insurance premiums and salary costs of the custodian or the concierge of the building.

It must be remembered, however, that the Pinel scheme can not be combined with other laws relating to the tax credit.


thanks for the time .

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