RSS
 

Make sure you’re not missing out on tax credit

29 Aug

Here in France, the tax credit – or Crédit d’Impôt Transition Energetique (CITE), to give its full name – is a state aid that is available to anyone carrying out renovation work on their property that improves its energetic performance and efficiency. People who buy wood burning stoves not only benefit from a reduction in VAT, they can also get a further 30% off the cost of the appliance.

install a stove in your home

This is just one of many good reasons to install a stove in your home, but there are some misconceptions about the tax credit that we would like to dispel.

Firstly, many people believe that if they’re not paying income tax in France, they can’t apply for the tax credit but this isn’t true. As long as you’re resident in France – you have your main home here and it isn’t just a holiday home – you can apply for the tax credit. If you work and pay tax, you’ll receive a credit against your tax liability at the end of the financial year. If you’re not paying tax, you’ll be sent a cheque from your local tax office.

Secondly, it’s not true that you have to own your property in France to qualify. You can still apply for the tax credit even if you’re a tenant.

Finally, you can’t buy a stove from a DIY store and get just anyone to install it – the same company that supplied the stove must fit it. The stove must conform to efficiency regulations; also, the company that fits it should be part of a tax credit compliancy scheme and be RGE registered.

We’ve been selling and installing stoves in France for over 12 years, so we know a lot about the tax credit scheme. Get in touch with us today to find out how you can save with a stove.

 
Comments Off on Make sure you’re not missing out on tax credit

Posted in French

 

Comments are closed.