Tax exemption through the Pinel law changed in 2018. From now on, to have access to it, the investor must exclusively position himself on a rental purchase in an area with high population density. This implies the large French agglomerations. Despite this geographic change, the impact of an acquisition under the Pinel law is proving to be very interesting in reducing its taxation . To benefit from it under the best conditions, we will see that depending on the situations encountered, taxpayers have every interest in requesting a repurchase of credits upstream.
Credit buyback: the key to new borrowing capacity
Calling on a loan consolidation is not an innocuous operation. Financial restructuring makes it possible to consolidate a household's banking expenses on a lasting basis . Restructuring its appropriations is above all simplifying its budget . Indeed, for households that have accumulated several sources of financing (mortgage, Auto loan, work loan, hard hit loan or even renewable loan envelopes, etc.), managing the family budget then becomes difficult.
Credit redemption organizations give indebted households the opportunity to consolidate all of their debts into a single global loan . It can also be a partial loan buyback, which means that the debtor will keep one or more of the previous loans as is. It is at the goodwill of borrowers informed in advance by the wise advice of their loan repurchase broker . Indeed, one or more loans can be kept on condition of having an interest for the borrowers.
Loan buyback is also an effective way to lighten your borrowing load . Thus, establishments specializing in bank refinancing have the possibility of proposing an extension of the repayment period. Unlike traditional banks which are limited when it comes to restructuring the loans of an individual . This extension is synonymous with lower debt pressure.
The Pinel investment, a patrimonial debt of tax exemption
The restructuring of credits therefore gives access to a new debt capacity that tax households can possibly use to invest in tax-exempt real estate . The debt associated with a real estate purchase under the Pinel law has major advantages for French households . Thanks to a tax reduction mechanism, the investor will see his income tax reduced considerably . He may deduct from his income up to 21% of the price of the property, for a rental commitment of 12 years. This substantial tax advantage is spread over a period identical to that of the rental period (always within the limit of 12 years maximum).
Especially since the strengths of this real estate project do not stop there. Borrowers who have had recourse to the repurchase of credit are often marked by this operation and then develop an aversion to credits. It should be remembered that the financing of a rental project under the Pinel law is of a patrimonial nature unlike a consumer credit. This means that the borrower by repaying his loan will build up real estate . In a way, this type of credit can be compared to “forced savings”. Using a new borrowing capacity to tax exemption in real estate therefore falls within a “good family man” budget management . Although care must be taken to maintain sufficient leeway for a cash saving effort. This cash envelope will be essential in the event of unforeseen events requiring exceptional expenditure (car breakdown, temporary incapacity for work, etc.).
Ultimately, the repurchase of credits is an option to be favored by future investors in Pinel law indebted beforehand. This process is not only reserved for people with too much debt. In a search for budgetary comfort, borrowers have every interest in considering restructuring their debts . In view of the unprecedented economic situation, the floor interest rates at which banks finance, it is time to take advantage of a revision of its loans . At the same time, the Pinel investment offers generous advantages, not to mention being an efficient way to gradually prepare for retirement.