Who bears the costs for building renovations can benefit from the tax deduction of the personal income tax equal to 36%.
For expenditures incurred from 26 June 2012 to 31 December 2014, the personal income tax deduction rises to 50%, rising to 40% for the period 1 January 2015-31 December 2015.
Law by decree no. 63 of June 4, 2013 and the law of stability for 2014 recognized a deduction of 50% even on the additional costs incurred from 6 June 2013 to 31 December 2014 for the purchase of furniture and large appliances of class not lower than the A + and A for the ovens, for equipment for which is provided for the energy label, aimed furnishing of the property subject to restructuring.
The deduction must be made in 10 annual installments of equal amount and it’s calculated on a total amount not exceeding € 10,000.
For the provision of services relating to building renewal, of ordinary and extraordinary maintenance, carried out on properties primarily for private housing it’s applied the reduced VAT rate of 10%.
The contributors that perform interventions for the adoption of measures antisismiche on the buildings can take away a part of the expenses sustained by the taxes on the incomes. The deduction can be in demand for the sums it spent during the year and you/he/she can be surrendered if related to interventions effected on parts common of buildings condominiali. The percentage of deduction and the rules to be able to enjoy are according to the year when the expense is effected different of it. More elevated deductions are granted when to the realization of the interventions achieves a reduction of the seismic risk.
Facilitation is turned both to the subject contributors to the tax on the income of the physical (Irpef) people both to the passive subjects of the tax on the income of the societies (Ires). From 2017 the interventions can be realized on all the immovable properties type housing and on those used for the productive activities, situated both in the seismic zones to high dangerousness (zones 1 and 2) both in the seismic zones to smaller risk (seismic zone 3), individualized by the ordinance President of the Council of the ministers n. 3274 of March 20 2003.
For the expenses had sustained since January 1º th 2017 to December 31 st 2021 a 50% deduction it is up to, that must be calculated on a maximum amount of 96.000 European for real estate (for every year) unity and that you/he/she must be divides in five annual quotas of peer amount. The deduction is more raised (70 or 80%) when from the realization of the interventions a reduction of the seismic risk of 1 or 2 classes it is gotten and when the jobs have been realized on the parts common of buildings condominiali (80 or 85%).
Finally, who buys an immovable property in a demolished building and reconstructed in the Communes in zones classified to “seismic risk 1”, you/he/she can take away from the taxes a consistent part of the price of purchase (75 or 85%, up to a maximum of 96.000 European).
For the inclusive period between January 1° th 2017 and December 31 st 2021 a 50% tax deduction has been introduced, enjoyable in five annual installments of peer amount, for the expenses sustained for the adoption of measures antisismiche on reverting buildings in the seismic zones to high dangerousness (zones 1, 2 and 3). The deduction must be calculated on a general amount of 96.000 European for real estate unity for every year.
The deduction fiscal salt to the 70% of the sustained expense, if from the realization of the interventions a reduction of the seismic risk that determines the passage to a class of inferior risk derives. It increases to the 80% if from the intervention it derives the passage to inferior two classes of risk.
If the expenses are sustained for interventions on the parts common of the buildings condominiali the deductions are raised even more.
Particularly they are up to in the following measures:
• 75%, in the case of passage to a class of inferior risk
• 85%, when he passes to inferior two classes of risk.
The deductions are applied on a non superior amount of the expenses to 96.000 European multiplied for the number of the real estate unities of every building and you/they must be divided in 5 annual quotas of peer amount.
Among the deductible expenses for the realization of the interventions antisismici those also reenter you effect for the classification and seismic verification of the immovable properties.
The deductions for the interventions antisismici can also be enjoyed by the autonomous Institutes for the popular (however denominated) houses, from the having corporate body the same social finalities of the aforesaid institutes, founded in the form of society that you/they answer to the requisite of the European legislation in subject than in house providing and that is constituted and working to the date of December 31 st 2013, for interventions realized on immovable, of their ownership or managed on behalf of the communes, turned to public residential housebuilding, as well as from the cooperatives of residence to undivided ownership for interventions realized on immovable from the same possessed and assigned in enjoyment to his/her own partners.
Source Agency of the Entrances