In addition to rental investments, the mechanism of land deficit allows you to optimize your taxation. The owner of a rental property deducts a certain amount of taxes from his property income to calculate the net property income, which will be taxed according to the income tax scale. The idea is to maximize the deductible expenses through major works in order to create a land deficit.
Since taxes are higher than property income, the latter escapes taxation. But it gets better! The land deficit can be imputed to the owner’s total income under certain conditions: the taxpayer can deduct up to 10,700 euros of land deficit from his taxable income, the excess can be carried forward and deducted from his total income for six years and for ten years of his land income.
This regime is very effective from a fiscal point of view: a taxpayer taxed in the marginal bracket of 30%, imputing 10,700 euros of capital deficit to his total income, realizes a tax saving of 3,200 euros. “It is entirely comparable to the tax advantage of a transaction Pineal estimates Stéphane van Huffel, co-founder of NetInvestissement. In addition, the rental yield will be better, because the purchase price of old properties is lower than that of new ones, even taking into account the work. »
But be careful, it involves buying a property in poor condition to completely renovate it. “You therefore need to be able to manage the work and the sometimes fluctuating deadlines,” adds Mylène Chartrou, general manager of Stellium Immobilier. You can also turn to a specialized operator for the supply of turnkey assets, from purchase to final renovation. ”
This is particularly the case for the François 1 groups.ANDCIR (Real Estate Restoration Company) or History & Heritage (branch of the promoter Altarea). Finally, be careful about one last point: the land deficit is reserved for empty properties rented for residential use, within the framework of the real tax regime. Therefore, it does not apply in the case of a micro-landing option.