Taxes 2023: certain tax benefits will be extended for 2023

Benefits aimed at reducing 2023 taxes will be extended. Yet the government planned to scrap them on December 31.

The news are good for taxpayers . They may still, for a period of at least one year, benefit from the preferential arrangements for 2023 taxes. The details.

The increased tax reduction

Subscription to SME shares allows you to obtain an income tax reduction . This reduction is equal to 18% of all payments made during the year.

A major event, however, modified the increase two years ago . This is the health crisis linked to Covid-19. Due to the pandemic, the government is forced to raise the rate to 25% .

After that, the markup has been renewed twice . The first renewal took place from May 9 to December 31. The second him, takes place from March 18 to December 31, 2022 .

Thus, all those who make a subscription this year will get either 18 or 25% tax reduction 2023 . The rate that will be attributed to them will depend on the date on which they acquire their title.

For the 25% rate, it will remain applicable to 2023 subscriptions . However, to get it, you will have to subscribe from a specific date.

This date has not yet been officially announced. The only certain information is that all those who subscribe before the said date will only benefit from the 18% rate .

You will understand, to get a bigger bonus, it will have to wait for the government to decide .

Important point. Tax reduction for subscription of FCPI and FIP units also goes to 25% . The rate will apply for all payments made from March 18 to December 31, 2022.

In addition, the reduction in shares of social property companies applied in 2022 won't turn off either . It will be renewed in 2023, but only for payments made from the date set by the decree. All subscriptions made before this date will only benefit from the 18% reduction .

Reductions linked to the Malraux law

Are you investing in the restoration of a property intended for rental? Choose the Malraux law to get a plus gros bonus . Indeed, by opting for it, you will benefit from one of the most substantial tax reductions for 2023. A reduction that can range from 22 to 30% of charges and work paid for 4 years depending on the location of the building to be restored.

In return for this bonus, you will have to agree to rent the property for at least 9 years . Otherwise, you will not be able to benefit from the advantages of the Malraux law.

Note that this device is very popular with wealthy investors . Why ? Because it allows them to make tax savings that are not subject to the overall cap on tax loopholes.

In addition, all real estate are not eligible for the scheme . To be entitled to the advantages of the Malraux law, the building must meet certain criteria defined by the government.

In general, it is buildings located in the historic heart of city centers that are most often affected . As they constitute prime property assets, the government do not hesitate to elect them to the device .

Finally, be aware that the Malraux tax reduction is calculated from two elements. Land charges and restoration expenses.

The 2023 tax exemption on real estate capital gains

The government plans to renew the tax exemption scheme in the event of the sale of real estate to social housing. This diet will apply to all sales carried out until December 31, 2023.

If you manage to sell a building to an organization responsible for social housing before this date, you will be exempt . This 2023 tax exemption will apply to capital gains and may be partial or total .

Moreover, a condition is necessary for the regime to applies . The organization to which you are selling the property must undertake to build social housing there. And this, within 10 years.

You can also sell the building or land to another buyer. However, he should also commit to building social housing within 4 years .

Finally, be aware that the tax exemption scheme on capital gains from the transfer of the right to raise a building will also continue . The government plans to renew the system until December 31, 2024.

Source : Quechoisir