Lighting: the tax reduction not to forget in your income tax return

The taxation of life annuities is particularly advantageous, thanks to a reduction whose rate depends on the age of the seller.

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If you live in a department numbered from 1 to 19, you have less than 10 days left to complete your income tax return! However, for people perceiving for the first time a life annuityfollowing a life annuity sale, “Particular attention must be paid to certain lines of the declaration”underlines the real estate group Renée Costes. For the record, as part of a life annuity, the seller, generally a senior, perceives a capital called bunchpaid when signing in the notary. He then receives an annuity, monthly or quarterly, until the end of his life. Operations subject to “A specific tax regime”Recalls Renée Costes.

Indeed, if the bouquet is not assimilated to an income, it is however subject to the tax regime on real estate gains. It is therefore exempt in certain situations. Especially when the property sold for life is the seller’s main residence, “What is generally the case”specifies Renée Costes. The amount of the life annuity, which corresponds to an income, must be focused on one of the 1DW lines of the declaration form. And this is where you have to be vigilant because you benefit from a tax reduction Depending on your age at the time of the first perception of the annuity.

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A Taxation of advantageous life annuities

“Taxation applicable to life annuities is particularly advantageous. It provides a lump sum reduction whose rate amounts to 30 % before 50 years, 50 % between 50 and 59 years, 60 % between 60 and 69 years, and up to 70 % from 70 years »details Renée Costes. Note that if the annuity was formed for the benefit of two spouses, with a Reversibility clause Providing that if one of the two people die, the other will continue to receive the same amount of rent, then, the taxable fraction of it is calculated according to the age of the oldest of the two spouses on the date of annuity. In the event of the death of one of them, the age taken into account becomes that of the surviving spouse on the date of death.

“Above all, we must not miss the tax reduction applicable to the life annuity because it can considerably reduce the taxable amount”insists Renée Costes. However, this tax reduction is Rarely pre-filled In the income declaration when the annuity is paid by an individual and it is in any case the first year of the pension’s collection. It is therefore up to you to make sure to calculate it and postpone the deceased life annuity of the abatement in your income declaration. The following years, once the annuity was declared, The calculation of its taxable share will be automatically carried out by the tax administration.