When the tax pressure weighs heavily on your portfolio and undermines your savings, you have every interest in reducing your taxes. To help you in this process, find here some practical tips to pay less.
Summary of the page
- 1 Reduce taxes by real estate
- 2 Lighten up taxation by energy saving works
- 3 Reduce or even cancel taxes by employing an employee at home
When the tax pressure weighs heavily on your portfolio and undermines your savings, there is interest in reducing taxes. To help you in this process, find here some practical tips to pay less tax with the Pinel Law.
Reduce taxes by real estate
The Pinel law put in place to replace the Duflot law aims to promote real estate investment in 2016. The State is thus prepared to grant investors tax advantages. A buyer of a new property with a rental commitment of 6 to 12 years can benefit from a tax reduction of 12 to 21%.
In addition to the Pinel scheme, the Censi-Bouvard law is also a good way to reduce taxes by 11%. The icing on the cake, the device also allows recovery of VAT.
Alleviate taxation by energy saving works
Work to improve the energy performance of housing allows individuals to deduct part of the expenses of work from their taxes. Among the works covered by the 30% fixed rate tax credit are the installation of condensing boilers, the installation of insulating shutters and the improvement of wall insulation. In addition to tax exemption, these energy saving works reduce heating bills and provide better thermal comfort in winter as well as in summer.
Reduce or even cancel taxes by employing an employee at home
Having an employee at home also allows you to benefit from a panel tax reduction. The jobs involved in this tax exemption system are childcare, gardening, assistance to people with reduced mobility or elderly, etc. With this system, households can expect up to 50% tax reduction.