Attention to complex historic fixturesSo he must keep

With revenues at floor level, better mortgage interest rates is sometimes borrow more than of questioning his entire heritage strategy. Debt has anyway a few advantages. "It is a form of forced saving, good protection against inflation, which will further contribute to protection financial family - with the death insurance, are you sometimes misfortune, your property is fully reimbursed by insurance.". "And you get, for a few weeks yet (read our article next page) of a tax credit on the interests of borrowing for the purchase of a principal residence", explains Hervé of the Tower of Artaise, President of the French Association of certified wealth management advice.

Attention to complex historic fixtures

So, he must keep. Borrow more that is required is generally recommended in real estate operations based rental (in fine loan in the Scellier device for example), but more rarely for the purchase of a principal or secondary residence. Some private banks you encourage, to release your contribution and place on products to pay presented as safe and recurrent, usually the life insurance (case study here). What does think of these montages "I did it am not favourable for the purchase of the principal or secondary residence." "That's a lot of costs", argues the Tower of Artaise Hervé. "It is true that with the current low rates of revisable credits, this may, on a case by case basis, be of interest." "But attention to the taxation of the underlying savings product, which, if it is not optimized, can outweigh the end result of the operation," warns Loïc Lair, Director of heritage engineering at HSBC Private Bank France. "Seems me quite perilous and meaningful only if the banker shows that the remuneration of the associated savings product is permanently superior at the rate of the loan", for its part says master Michaël Dadoit, notary to played-lès-Tours, Member of the Monassier group.

To provide returns to their wealthy clients, proponents of these montages took advantage of a flexible rate guaranteed on life insurance legislation. But, since August 1, the rules governing the guaranteed rates are largely hardened, making some of these obsolete operations. In any event not there subscribe only if you understand all the springs of the operation before you.

Protect your investments in tax deadline near

Optimized heritage strategy, it is sometimes recommended to borrow more that the sum which is really needed, to avoid releasing his savings, at the wrong time. For example is a few months before the tax due of the investments. For eight years, the tax on revenues generated by a life insurance contract is 27.1, after eight years of... 19.6.

For the PEA, the tax deadline is of course of five years, but between the grade 5eet, the withdrawal of a portion of the placed amounts automatically closing plan, "which is boring for people holding securities of companies listed for example, less liquid, and who want to leave them in the envelope PEA," explains Loïc Lair. Holders of large stock portfolios that have strong potential gains, also have an interest in holding their shares of companies listed for at least eight years: "at this time, they support more capital gains tax, because the tax allowance of another applicable each year after five years of detention", continues Loïc Lair.

This exemption was put in place in 2006 and it will therefore begin to produce its effects only in 2012. "To be effective, it should be that the rule is not modified here here and in the matter, nothing is less sure..." ", prevents Loïc Lair. This strategy is obviously valid if you anticipate a continuation of rising or if you have acquired your securities of companies listed on a very low cost. "It must not be blind by taxation, better indeed pay the tax on capital gains than to not generate capital gains at all," concludes, under the seal of good sense, Philippe Baillot, Director of Bred private bank.