Protected Credit – Apartment Building
If you applied for advance payments of the tax credit for eligible services included in your rent before March 14, 2008, you may be entitled to financial compensation to offset a reduction in your tax credit due to new rules for calculating the tax credit as of that date.
The protected credit therefore comprises the tax credit, estimated according to the new rules, and financial compensation. This means that the amount you receive is the same as the tax credit you were awarded before March 14, 2008.
Your financial compensation may end, change or be reevaluated if, for example:
- you move out of the residential building;
- you die;
- the tax credit calculated for a month is greater than the amount that was paid monthly before March 14, 2008.