Question 19950 — income tax

Summary

Mr. Patrice Verchère draws the attention of the Minister of Action and Public Accounts to one of the consequences of the transition to withholding tax on income. Indeed, the problem arises for real estate investors who incurred expenses in 2018 when purchasing real estate, regardless of the completion of work, such as notary fees, taxes, bank administration fees, etc. and who could benefit from an income deduction in 2018. Thus, in the case of a land deficit generated in 2018, it would be possible to deduct this deficit from 2018 income up to a maximum of 10,700 euros and therefore reduce the tax. However today, with the implementation of taxation at source, this tax credit seems “lost”: the deficit not allocated in 2018 will be attributable to the profits of the following ten years. Also, facing the dissatisfaction of certain taxpayers, he asks him if he plans to reconsider this measure when the exceptional land deficit is not attributable to work but to purely financial costs.

Machine translation from French. The official text remains authoritative.

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