As always, there are lots of new products on New Year’s Day. For the year 2024 they will be dominated primarily by inflation and ecological change.
Real estate, housing
“MaPrimeRénov”, the most important financial assistance system for energy renovations, is undergoing another global overhaul. There will now be two “paths”. The first concerns the overall renovation that the government wants to push forward. The support can be up to 70% and you must take advantage of a Rénov’ guide. A second route, unaccompanied, will still be possible for some for individual actions.
At the same time, two new tools must be introduced, resulting from the merger of old systems: MaPrimeAdapt’ for adapting apartments to an outbuilding and Ma Prime Logement Decent for heavy work in run-down properties.
The zero-interest loan reform planned in the 2024 budget will not come into force for several weeks, “probably between 1um February and 1stum April”said Bercy. As for the real joint tenancy agreement, an instrument that allows the purchase of housing at a reduced price by separating the building from the land, it will affect a wider public. Resource caps will benefit from a significant increase.
Taxes, savings
Due to inflation, the income tax rate is indexed: the income limits when entering each tax bracket increase by 4.8%. Are you planning to buy a new house to rent out while taking advantage of the tax advantages of the Pinel system? Tax relief rates drop to 9%, 12% and 14% depending on rental period (increased rates remain available for certain properties).
An innovation may be of interest to owners of building plots in crisis areas: for sales promises signed in 2024 or 2025, a reduction in capital gains of 60% to 85% will be introduced if residential buildings are planned to be built on the property.
What about the tax benefits associated with donations? Donations to organizations promoting gender equality now benefit from a 66% tax reduction. The doubling of the upper limit for “coluche donations” (to support people in need), which entitles to a 75% tax reduction, to 1,000 euros is extended. The same rates and caps apply to certain donations to the Heritage Foundation between September 15, 2023 and the end of 2025 to restore the religious heritage of small communities.
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