You can take advantage of the 50% Irpef deduction for the purchase of furniture and large appliances of a class no lower than A+ (A for ovens), intended to furnish a property undergoing renovation.
{gallery}deduction{/gallery}
The relief was extended by the recent Budget law also for purchases made in 2018, but it can only be requested by those who carry out a building renovation project which began no earlier than 1 January 2017. For purchases made in 2017, however, it is possible to benefit from the deduction only if the renovation project began no earlier than 1 January 2016. Finally, if the purchase of the furniture or of the household appliance occurred in the period between 6 June 2013 and 31 December 2016, the prerequisite for being able to benefit from the deduction remains that of having incurred expenses for recovery interventions on the building heritage starting from 26 June 2012.
To obtain the benefit it is therefore essential to carry out a building renovation (and take advantage of the related deduction), both on individual residential real estate units and on common parts of buildings, also residential.
When an intervention is carried out on the condominium parts (for example, guard rooms, concierge's apartment, washrooms), the condominium owners are entitled to a deduction, each for their own share, only for the goods purchased and intended to furnish these parts. The bonus is not granted, however, if they purchase furniture for their home.
To obtain the bonus it is necessary that the date of the start of the renovation works precedes the date on which the goods are purchased. It is not essential, however, that the renovation costs are incurred before those for furnishing the property.
Regardless of the amount of expenses incurred for the renovation works, the 50% deduction must be calculated on a maximum amount of 10,000 euros, referring, overall, to the expenses incurred for the purchase of furniture and large appliances.
The deduction must be divided among those entitled into ten annual installments of the same amount. For the purchase of furniture and appliances carried out in 2017 and referring to renovation work started in 2016 (even if continued in 2017), the maximum amount of 10,000 euros must be considered net of expenses incurred in 2016 and for which the bonus has already been used.
Similarly, for purchases in 2018 and referring to works carried out in 2017, or started in 2017 and continued in 2018, the deduction must be calculated on a total amount not exceeding 10,000 euros, net of expenses incurred in 2017 for which the relief has already been used. The limit of 10,000 euros concerns the single real estate unit, including appurtenances, or the common part of the building undergoing renovation. Therefore, the taxpayer who carries out renovation work on multiple real estate units will be entitled to the benefit several times.The deduction for the purchase of furniture and appliances is obtained by indicating the expenses incurred in the tax return (form 730 or personal income form).
Grimaldi Padua
Padua - 35137 - Via G. Matteotti, 27
e-mail: padovacentro@grimaldifranchising.it
Tel. +39 49 663 033 - VAT number 05301660287
Grimaldi Cadoneghe
Cadoneghe (PD) - 35010 - Via G. Franco, 2/A
e-mail: cadoneghe@grimaldifranchising.it
tel. +39 049 88 736 56 - VAT number 05322440289