Tricks and fiscal products for end of year

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19-12-2008 | Javier Gomez

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We want to pay less in our next Treasury Department declaration and the end of year is the moment adapted to take the last financial measures that could reduce our fiscal invoice. For it, it is important to know a series of tricks and what the fiscal products most used at the end of year are to obtain this target.

PENSION PLANS

The pension plans are the principal fiscal instrument to manage to pay less in the next declaration of the IRPF. Ésto is like that because the contributions to these plans reduce our tax base inside the limits that marks the law. Bearing in mind that this tax base can never be a denial, the maximum limit to be included in our declaration must be the minor of the whole of the contributions realized in the plan, or 30 % of the sum of the clear yields of the tax year. We have to bear in mind, also, that it exists a few maximum limits of annual contributions to the plans depending on the age, and the same way, these tax benefits increase in case of disabilities.

For more information: tax system of the pension plans

PLANS OF SYSTEMATICAL SAVING

As well we said to you yesterday, the obtained profitability of this financial product across the annuity, it will be exempt from taxation in the IRPF, while the proper revenue in itself will do it like “insurances of immediate annuities”. We must bear in mind that also a few fiscal limits of annual contributions exist (at present in 8.000 € a year) and that to begin to receive the annuity, the first contribution must have an antiquity of 10 years.

For more information: the plans of systematical saving or YOU CHIRP

COMPENSATION OF PROFIT AND HEREDITARY LOSSES

Other one of the principal weapon that we have in our hands if we have been investing in actions and investment funds is to have a good control of which there have been our stock-exchange operations throughout the year and to know what are the legal rules of compensation of losses and profit. If we are right in it, our fiscal reduction can be important.

- For Actions, Investment funds and Real estate

Limit does not exist to compensate the losses and profit that we have had in these concepts. It is necessary only to bear in mind the term of the investment, and is that we can only compensate and compare the realized ones and generated in the same tax period, so that we separate on the one hand those of the fiscal exercise and for other those of a period generated in a term top to the year. If the result goes out negatively, we must know that we have up to four year to compensate it with future positive results under this paragraph and in the same term.

- For dividends, coupons, interests, qualifications of fixed revenue and rescues of life insurances

The surgery is the same to the previous paragraph, in which it is necessary only to bear in mind the term of the investment to compensate. We have to bear in mind that the investments of this group cannot be compensated by those of the previous group.

In case of the dividends you must remember that an annual fiscal exemption exists on this concept of 1.500 €.

BUY OF HABITUAL HOUSING

In this paragraph the accounts of saving housing are the principal financial instrument, especially thought if it is had thought to buy a housing in the next 4 years. The quantities contributed to these accounts have a fiscal deduction of the complete quota of the IRPF of 15 % with a maximum of 9.015,18 €.

The same percentage of 15 % and limit of 9.015,18 € is the applicable one for deduction for investment in habitual housing, on the quantities invested in the acquisition, rehabilitation, enlargement and construction of the habitual housing. That's why, at the time of buying the housing we have to appear if it is interesting to us to buy it in cash or to hire a mortgage.

To read more on: Financial products, finance
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