2023-11-09 10:00:00
Candidate Macron had promised the French that they would pay less taxes… Certainly, the 2024 budget does provide for a 5% increase in the brackets of the IR (income tax) scale which should compensate for inflation of around 5 % but in truth the rise in prices is wreaking havoc on purchasing power: the liter of olive oil has increased by 25%, etc. In addition, it should also be noted that those whose salaries or property income have not been able to increase more than the increase in prices will actually have to pay more taxes while those who have been increased by more than 5% will pay less!
But is this really true for the rest? There has certainly been the abolition of the tax on public television, but over the past two years we have seen the explosion of property taxes, particularly in Paris and in large cities. Sometimes to compensate for the abolition of the housing tax which has imploded. But not for second homes, affecting 3.7 million owners – most of whom do not yet know it… – who will receive the “ painful » payable on December 15th! Sometimes super painful in fact, because not only do their second homes remain taxed, but they can also become the cash cow of the Mayors of towns classified as tourist. The Law now allows it to be increased from 10% to 60% as they wish. Panic in sight in La Baule, Saint-Tropez and Megève…
We must also not forget the housing surcharge to combat vacant housing. The 2023 Budget extended it to more than 5,000 municipalities and planned to increase the tax percentage from 12.5% to 17% in the first year. It will therefore be increased from 25 to 34% in the following years, including 2,024.
You should know that the exemptions from TFPB (property tax on built properties) will simply be payable for the hundreds of thousands of historical buyers of new properties who have reached the end of the two-year exemption from January 1 following delivery, deadline extended from 5 to 7 years for Pinel and other investments…
Finally, we must not forget the hunt for IFI fraudsters, the real estate wealth tax which soars with the price of square meters. They will certainly be tracked by the 1,500 special inspectors provided for in the Budget? These ” Sunday’s treasury » will only have to do the calculations of their property for them, thanks to a small Excel table on the cumulative values of the properties that taxpayers have in their tax file and which are precisely subject to Property Tax!
Many owners might decide to part with their belongings
The icing on the cake: in addition to the rates being too expensive, the Government is stubbornly persisting in causing misery to landlords, with the Energy Performance Diagnostics of their homes classified as “G” or “F” that is- that is to say, theoretically unrentable from 2024! But those who cannot pay for the work to escape it will be forced to part with it, even if at a low price, a forced reduction of 15% to 40% depending on the location? Although, divine surprise or gift obliges, the vote by 49.3 of the revenues of this new Budget removed an amendment from Bercy providing for reducing to 50% the 71% reduction on the rents of accommodation rented in furnished “tourist” “. This includes in particular the tens of thousands of Airbnbs and other “ platforms » which Macron needs in Paris and its region to accommodate the clients of his Olympic Games… A reprieve?
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