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Is the energy transition tax credit effective?

 

The sustainable development tax credit has become the energy transition tax credit. Entered into force, the tax system provides households with a reduction of their income tax on part of the expenses incurred as part of energy improvement works.

More on the Energy Transition Tax Credit

Tax Credit

To benefit from the tax credit for energy transition, you must be a tenant, owner occupying or occupying free of charge and be fiscally domiciled in France. The accommodation must be a single house or apartment, your main residence, and it must be completed for more than 2 years.

In a multi-unit building, the tax credit may relate to the expenditures made for common equipment under the share that corresponds to the dwelling occupied.

It is mandatory that the work be done by the company supplying the materials. And, since January 1, 2015, professionals realizing them must be recognized as RGE (Recognized Guarantors of the environment.

The amount of expenditure qualifying for the tax credit is capped at € 8,000 if it is a single person, and € 16,000 for a couple subject to joint taxation. This sum is to be increased by 400 € per dependent. ISCED is calculated on the basis of the amount of eligible expenditure, after deduction of grants and subsidies received. This means that in case of benefit from other public aid to purchase equipment and materials (General Council, Regional Council, Anah), the calculation is made on the cost of equipment after deduction of aid received.

In order to benefit, the equipment must meet certain technical characteristics.

The tax credit can be combined with the eco-loan at zero rate if the amount of income of year n-2 tax household does not exceed 25,000 € for a single person (single, widow or divorced ), € 35,000 for a couple subject to common taxation and € 7,500 additional per dependent.

The broker tells you more

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Question administrative step, you must complete a line on your tax return and keep the invoice of the company that provided the equipment and equipment and performed the work. You must be able to deliver it at the request of the administration. In the case of insulation work on the opaque walls, the invoice must mention whether this insulation is made from the inside or the outside. Also, for the purchase of power generation equipment that uses a renewable energy source, it must be specified the area in square meters of equipment that uses solar thermal energy.

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General conditions credit insurance

In insurance matters, the general conditions define all the rules governing the contract. The general conditions are usually applicable to contracts of the same type defining, in an exhaustive manner, the implementation of the guarantees subscribed.

Before signing an insurance contract, it is important to take the time to read the terms and conditions.

More on General condition

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In order to secure a mortgage, the banking institution most often requires that the borrower take out a borrower’s insurance including the guarantees of death, disability and incapacity for work. And from one contract to another, the general terms and conditions may differ significantly. It is therefore advisable to carry out a detailed mortgage insurance comparison in order to fully understand the guarantees and their operation and choose the best offer.

For temporary work incapacity (ITT) and total permanent disability (IPT) guarantees, there are two types of coverage: lump sum compensation and indemnity compensation.

Compulsory compensation: this is the mode of care being the most interesting and reassuring for the insured. It consists of a refund of the exact amount of the monthly payment that the insured has decided to insure.

Compensation indemnity: this method of compensation offers the benefit of disability and disability guarantees at a reduced rate. It consists of a reimbursement of an amount corresponding to the actual loss suffered by the insured, after deduction of the indemnities paid by the social security as well as by the company pension plan.

Depending on the monthly payment of your mortgage, your income and the type of compensation, the benefits provided by the terms and conditions of your credit insurance contract may vary widely. Also, the general conditions for triggering disability and disability guarantees depend on the exclusions included in the contract.

If, in the event of the death of the insured, the general conditions of the contracts are identical, this is not the case for invalidity and disability guarantees. There may indeed be different exclusions: exclusions of risky sports (paragliding, scuba diving, delta-plane …), back disorders, psychological pathologies, blood alcohol … It is therefore recommended to carefully examine the general conditions of the contract submitted to you by checking the exclusions contained therein.

The word of the broker

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To make sure you choose your loan insurance policy, contact a broker specialized in loan insurance. He will inform you, advise you and find the contract with the general conditions being the most adapted to your expectations and needs.