If you’re thinking of buying a wood burning, pellet burning or multi fuel stove, you’re probably aware of the many great reasons for getting one.
Stoves look fantastic, smell great, are highly energy-efficient and most of all, they just have the special ‘something’ that turns any property into a home.
However, you might not be aware that they can also give your finances a boost. Perhaps you fell in love with France over the summer and are thinking about becoming a French resident. In that case, here’s one more reason to move to this beautiful country: you can benefit from a reduction in TVA and also get a further 30% off the cost of the appliance, thanks to a special tax credit.
The Crédit d’Impôt Transition Energetique (CITE) is a state aid that’s available to anyone carrying out renovation work on their property that improves its energetic performance and efficiency.
Contrary to popular belief, you don’t have to be paying income tax in France to qualify for the tax credit, but you do need to file your tax return even if it states zero. As long as your French property is your main residence and not just a holiday home, you can apply. You don’t even need to own the property; tenants can also qualify.
There are some criteria that must be met, though. Firstly, the stove must comply to certain efficiency regulations. It’s also essential that the same company that supplied the stove must fit it. That company should also be RGE registered and part of a tax credit compliancy scheme – just like us.
If you want to be sure your stove will qualify, get in touch with Stove Sellers today. Our extensive experience of selling and installing stoves ensures that you’ll take possession of a beautiful, tax credit-eligible stove that you really love.