You live and pay taxes in France:
reduce your taxes with the new tax exemption Scellier!
You pay more than 3000 euros taxes/year?
Today, there are simple solutions to reduce your taxes completely legally!
In order to boost certain sectors of the economy, the government has implemented a number of new rules for individuals: Now, by investing in real estate rental, you can benefit from significant tax advantages.
HOW TO LOWER THE TAX BURDEN?
Reduce your level of taxation, while allowing you to increase your property is what offers many tax provisions
The principles are the following:
- You buy a house for rent.
- Take your entire purchase with a credit institution. The loan interest is deductible (a contribution is not necessary!)
- You receive a rent you can pay a large portion of your loan repayments.
- Depending on the tax for which you have chosen, the law allows you to benefit from substantial tax savings, which also absorbs some of the financing.
- You have a financial effort to achieve limited staff monthly.
In conclusion, a new tax incentive scheme to encourage investment in rental property was launched in France on 1 January following adoption of the loi Scellier or Scellier Law (named after the politician who sponsored the legislation). In many cases more beneficial than the Robien and Borloo Populaire schemes, it gives the opportunity to claim a tax reduction equivalent to 25% of the property purchase price for 9 years (on purchases up to €300 000). So you could reclaim up to €75,000 on investments made before 31 December 2010, regardless of your marginal rate of tax.
The Scellier legislation also includes a social housing version called the “Scellier Social” scheme. As long as your tenants’ income does not exceed the upper qualifying limit, you can extend your rental commitment substantially. Under these arrangements, it is possible to reclaim up to 37% of your property purchase price over 15 years!
