PERSONAL SERVICES
PERSONAL TRAINING - SPORTS COACHING NICE - MONACO - PARIS
Tax exemption and personal services
For all home sports coaching expenses, you can benefit from a 50% tax exemption in the form of a tax credit or tax reduction.
Example : during this year "n", you incurred €1,000 in expenses for sports lessons at home. During your next declaration in year "n+1", you will be able to deduct from your taxes 50% of the €1,000 incurred, i.e. €500. The cost price of your sports coaching sessions is therefore €500.
Tax credit or tax reduction?
- Tax credit:
You deduct 50% of the amount spent on your home coaching sessions from your tax. If the sum subtracted is greater than your tax, then the surplus gives rise to a reimbursement by the public treasury or to a carryover of this difference to the tax due for the following years.
- Tax reduction:
You deduct 50% of the amount spent on your home coaching sessions from your tax. Unlike the tax credit, if the amount subtracted is greater than your tax, then the surplus cannot give rise to a reimbursement by the public treasury or to a carryover of this difference to the tax due for the following years; your tax is therefore reduced to €0.
Who can benefit ?
- Tax credit:
you exercise a professional activity during the year of payment for sports coaching sessions,
you are registered on the list of job seekers for at least 3 months during the same year,
if you are married or in a civil partnership, conditions 1 and 2 above must be met by both members of the tax household.
- Tax reduction:
you do not meet the conditions indicated above to be entitled to a tax credit (retired, couples where only one spouse works or is seeking employment, etc.),
you incur expenses for services rendered at the home of an ascendant (parents, grandparents, etc.).
Calculation of the tax advantage
Only amounts payable by you entitle you to tax exemption. For your tax return, you must therefore deduct any aid or funding that you received for personal services.
Spending limits
Excess expenses exceeding the overall ceiling for expenses incurred for home sports coaching cannot be subject to any tax exemption. This overall ceiling is defined at €12,000 (i.e. a maximum of €6,000 tax exemption). This spending limit can be increased under certain conditions:
each dependent child and each member of the tax household aged over sixty-five years increases this ceiling by €1,500 without, however, these increases being able to raise the ceiling beyond 15,000 euros,
each member of the tax household holding a disability card of at least 80% or a 3rd category disability pension or a special education allowance supplement increases this ceiling to 20,000 euros. No increase can be applied to the limit of €20,000.
Payment terms
To qualify for the tax reduction or tax credit, only payments paid by transfer or check are taken into account (cash payments do not qualify for tax exemption).