The essentials of the week: 2022 taxes, life insurance, rental between individuals, work from home


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Net inflows in life insurance reached their highest level since 2011 in the first quarter of 2022. Dual residence expenses can be deducted from income provided they are incurred for professional reasons. From July 1, 2022, individuals renting accommodation will have to display a series of mandatory information on their advertisement. The instant tax credit for work at home will be extended to households going through service providers from mid-June 2022. The amounts of the TV license fee are unchanged in 2022. Income from goods sold by individuals is taxable if they exceed 5,000 euros. Scholarships and student accommodation must be applied for by May 15, 2022.

Summary:

  • Life insurance: the collection of the 1st quarter of 2022 at the highest since 2011
  • Taxes 2022: how to deduct dual residence expenses?
  • Rental between individuals: mandatory information in the ads
  • Work from home: slight delay in the deployment of the instant tax credit
  • Local taxes: the TV license fee is unchanged in 2022
  • Sale of goods by individuals: is the income taxable?
  • Scholarships and student accommodation must be requested before May 15, 2022

Life insurance: the collection of the 1st quarter of 2022 at the highest since 2011

Net inflows in life insurance reached +8.4 billion euros in the first quarter of 2022, the highest since the same period in 2011 (+9.6 billion euros), according to figures published by France Insurers. In March 2022 alone, inflows were also at a level not seen in ten years, at +2.2 billion euros. On account units, net inflows even broke records for a month of March since 2000, at +3.3 billion euros. “In a still uncertain macroeconomic and international context, the French consider life insurance to be the benchmark savings product,” said Franck Le Vallois, CEO of France Assureurs, in a press release.

Taxes 2022: how to deduct dual residence expenses?

The professional expenses of employees are taken into account in the calculation of income tax thanks to the flat-rate deduction of 10%. This lump sum may, however, be insufficient to cover the costs of dual residence borne by an employee who must live, for professional reasons, in a place other than his main residence. In this case, it is necessary to opt for the deduction of the actual costs. The costs of the second accommodation, additional meal expenses or transport costs are among the costs that can be deducted. It is up to the tax administration to examine, on a case-by-case basis, the legitimacy of dual residence, recalls the Ministry of Economy, Finance and Recovery.

Rental between individuals: mandatory information in the ads

From July 1, 2022, individuals renting out a property will have to mention a series of mandatory information in their ad. Previously, the regulations regarding a rental ad from a non-professional landlord were vague. A decree published in Official newspaper of April 22, 2022 lists this new mandatory information: it will be necessary to indicate the amount of the monthly rent and, if applicable, the additional rent, the amount of the rental charges or recoverable charges, if the accommodation is located in an area governed by a device of supervision of rents, the amount of the security deposit that may be required or the furnished nature of the rental.

Work from home: slight delay in the deployment of the instant tax credit

Since the beginning of 2022, individuals employing a person at home (cleaning, small gardening, home lessons, etc.) and using the Cesu+ service can receive their tax credit corresponding to 50% of the sums incurred each month. . This system should have been extended to households passing through service providers in April 2022. It will only be extended from mid-June 2022. And in September 2022, the system will also apply to the custody of child over 6 years old. By the end of the first quarter of 2022, 150,000 individual employers had activated this service.

Local taxes: the TV license fee is unchanged in 2022

In 2022, taxpayers whose accommodation is equipped with a television must pay the audiovisual fee, amounting to 138 euros in mainland France and 88 euros overseas, amounts unchanged compared to 2021. having no television must check the dedicated box on the first page of the tax return. The fine is 150 euros per year adjusted for those declaring, wrongly, not to have a television. The tax authorities can track offenders down through television vendors and internet service providers.

Sale of goods by individuals: is the income taxable?

Income from the sale of goods made by individuals on an occasional basis in the context of the management of their private assets, and not relating to a professional activity, is not taxable, recalls the Ministry of Economy, Finance and Relaunch. However, there are exceptions: if the sale of these assets exceeds 5,000 euros (excluding furniture, household appliances and automobiles), the income is then subject to the tax regime for capital gains on the sale of movable assets at the rate of 19%. . In addition, in the event of the transfer of precious metals, the fixed tax on precious metals must be paid.

Scholarships and student accommodation must be requested before May 15, 2022

Applications for scholarships based on social criteria and accommodation in a university residence for the 2022-2023 academic year must be made before May 15, 2022 via an online procedure. Applicants must go through the MesServices.etudiant.gouv.fr website and compile a student social file (DSE). Before starting the procedure, it is useful to use the Crous scholarship simulator, by providing information on the resources and the number of dependent children of the parents, the number of brothers and sisters in higher education and the distance from the place of studies.

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