- Conditions for obtaining the Veranda Tax Credit
- Calculation of the tax credit on a veranda
- Veranda tax credit: how to apply?
The tax credit is a tax measure that aims to encourage homeowners to perform work to improve energy performance. Under certain conditions, the cost of these adjustments is deductible from your income taxes. Is there a specific tax credit for a veranda and, if so, what are the administrative procedures to be carried out?
Tax credit on a veranda
Conditions for obtaining the Veranda Tax Credit
First of all, you should know that the tax credit is not granted in the case where you plan to build a veranda. It will certainly be considered an extension of your home, but it will not be part of a energy improvement (since nonexistent before).
On the other hand, if you decide to renovate your conservatory current in order to improve the energy conditions, there you will be fully concerned by the tax credit. Attention, only the replaced material is eligible for the tax credit: for example replace your bay window by a thermal insulating glazing or change the simple walls by energy efficient materials.
For this financial aid to be eligible, you must check 3 points:
1- You must make sure that your veranda is part of the living space of your home, and that it fits into the calculating your housing tax. Otherwise, you will not be able to claim the tax credit for its renovation.
2- Your home must also have been built for at least two years.
3- In order to qualify for a tax credit, the work must be carried out by a company labeled RGE (Recognized Guarantor of the Environment).
Framed by Article 200 quater of the General Tax Code (CGI), this Ecological Transition Tax Credit (ISCED) extends for expenses paid until December 31, 2017.
Calculation of the tax credit on a veranda
The amount of financial assistance varies depending on the materials used to improve your porch. This amount is nevertheless capped at 8000 euros for a single person and 16000 euros for a married couple paying jointly taxes on income. An increase of 400 euros is calculated per dependent. The amount awarded is deducted from the amount payable from your income tax.
Veranda tax credit: how to apply?
Nothing's easier. You only have to report this expense on your tax return. To do this, go to the "expenses" section, check the box called "energy transition of the main house" and indicate the amount of your expenses. Remember to keep all invoices related to the work done, they will be requested as proof.
This aid set up by the tax authorities aims to encourage homeowners to carry out the work necessary to reduce energy consumption of their dwelling. Indeed, even if one is aware that this consumption must be controlled, it is often the cost of work which puts a brake on habitat improvement.
You can visit this site to find out more about the energy transition tax credit