What tax exemption strategy in 2023?
Do you want to reduce your taxes from 2023 by establishing the right tax exemption strategies? There are indeed completely legal systems accessible to all investors to take advantage of a reduction in taxation. Discover the advice of our experts to benefit from it and better manage your tax system.
What are the existing modalities in terms of tax exemption?
There are three types of methods in terms of tax exemption: tax reduction, tax deduction and tax credit.
- Tax reduction: this solution consists of subtracting a sum from the total amount of taxes to be paid.
- Tax deduction: this consists of reducing the tax base, i.e. acting directly on the tax rate or the amount.
- The tax credit: the tax credit works on the same principle as the tax reduction, but unlike the latter, it can give rise to a reimbursement by the Public Treasury if the amount of the credit exceeds that of the amount of tax due.
Tax exemption strategies in 2023
In 2023, two tax exemption strategies stand out: financial tax exemption and real estate tax exemption.
Financial tax exemption
Four financial tax exemption solutions are of significant interest in 2023:
- The retirement savings plan (PER): the PER is a new investment created on October 1, 2019 by the Pacte law. Its objective is to allow the constitution of a supplementary pension paid to the investor upon retirement, in the form of a single capital or in the form of annuities, on the condition of capitalization during working life. Thanks to the PER, the investor benefits from a tax deduction on 100% of the sums paid within the limit of 10% of the annual taxable income.
- Mutual funds for innovation (FCPI): this investment fund is old, since it has existed since 1997. Its interest is to encourage investment in companies not listed on the stock market and developing in the field. of innovation. The gain is substantial, with a tax reduction of 18% of the amount invested, up to a limit of 12,000 euros per person, or 24,000 euros per couple. On the other hand, the investor must also take out a commitment for a period of 5 five and it should be noted that this type of investment remains risky.
- Local Investment Funds (FIP): set up in 2003 to support small and medium-sized enterprises, this investment fund uses the same principles as FCPIs, but at the heart of the regions.
- Companies for the financing of cinematographic or audiovisual works (SOFICA): this scheme allows the investor to benefit from a reduction in his taxes of up to 48% of the amount invested. The limit here is 18,000 euros of investment. On the other hand, the capital is not guaranteed and the commitment made must run for 5 years.
Real estate tax exemption
Real estate tax exemption remains the solution most used by the French. Indeed, it has the advantage of being more reassuring, clearer, easier to implement for most investors, and it also has the advantage of reducing taxes over longer periods and not on an action. unique.
Three solutions should be noted in 2023:
- The Pinel law: this device remains the first because of its advantages and the security it presents for the investor. Introduced to reduce the lack of housing in France, the Pinel law makes it possible to meet a real need while promoting tax advantages. The investor invests in the purchase of new BBC real estate up to a maximum of 300,000 euros with a view to renting it out as a main residence. In exchange, he receives 12 to 21% of the total amount invested, notary fees included, depending on the duration of his commitment (6, 9 or 12 years).
- The Denormandie law: created in 2019, this system offers the same advantages as the Pinel law, but for old real estate. Be careful, because not all cities in France are eligible.
- The Malraux law: this law of 1962 also focuses on old real estate with a view to its rehabilitation. The amount of work for the rehabilitation and rental of the property gives rise to a tax reduction of up to 22%, within the limit of 100,000 euros of investment, but these must be supervised by the architects of the buildings in France. However, this tax exemption strategy is aimed at very well-off and heavily taxed households.
It is now up to you to choose the tax exemption strategy that suits you according to your borrower profile.