2023-11-16 10:18:11
The 2024 finance bill is marked by several provisions introduced by the executive thanks to article 49-3 activated by the government. Among them, those relating to the personal finances of households.
Reform of the “Avance renovation” loan
The first concerns the removal of income conditions for the “Avance renovation” loan. The loan is used to finance energy renovation work, such as roof insulation, window replacement, etc. Reimbursement occurs upon change of owner. That is to say in the event of donation, sale or death of the borrower. The State guarantees 75% in return for a mortgage on the real estate.
Modification of the mileage scale for income tax
Second notable amendment: in terms of income tax, the executive has also retained a climate-related proposal. It aims, ultimately, to modify the mileage scale used by taxpayers to calculate the professional expenses incurred and deduct them from income before submitting them to tax. The mileage scale takes into account the distance traveled, but also the power of the vehicle. Remember, however, that for electric vehicles, the amount of travel costs calculated from the mileage scale is increased by 20%.
Financing of the army by Livret A
The third concerns the Livret A. The savings of the French in this Livret will no longer be used mainly to finance the social housing sector and urban renewal. It will also soon finance the defense industry. Article L221-5 of the Monetary and Financial Code, which governs the use of regulated passbooks, would now be worded as follows: “ Resources collected by establishments distributing booklets […] are used by these establishments to finance SMEs, to finance projects contributing to the energy transition or to reduce the climate footprint, to finance companies, the French defense industry, as well as legal entities […] relating to the social and solidarity economy ».
Revision of retirement conditions without reduction
The fourth notable amendment concerns retirement. From now on, to obtain a pension without reduction, the required contribution period will increase by 2027 from 42 years to 43 years. This discount designates the penalty applied to contributors who have not accumulated the sufficient number of quarters when they want to assert their right to retirement. In principle, this penalty does not apply to departures following age 67. But certain professions do not suffer this reduction or, in any case, not in the same terms. This is the case for soldiers who can leave earlier without penalty.
Restrictions on tax benefits
The fifth measure is likened by Les Echos to a reduction in the tax advantages in sight, particularly overseas. Thus, certain tax advantages available to individuals seem to be on the verge of disappearing, such as Pinel which will expire at the end of 2024, aid for investment overseas, such as the reduction in income tax for rental investments and subscription to the capital of certain companies.
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