Intervening on your property while benefiting from tax breaks is possible. It all depends on the type of work you want to carry out and the goals you wish to achieve. To date, in fact, there are various incentives whose expiry is not imminent. And, although they are not zero cost, they allow you to face renovation and efficiency costs with good savings.
For those who have decided to start the works from 1 January 2023 and have not submitted the Cilas by 25 November 2022, the super bonus rate has dropped to 90%. Specifically, article 9 of the quater aid decree modified article 119 of the Relaunch decree, establishing that for interventions started from 1 January 2023 on real estate units by natural persons outside the exercise of a business, arts and professions activity, the superbonus is due in the amount of 90% of the expenses incurred by 31 December 2023.
If you want to undertake work on your property with extraordinary maintenance, restoration and conservative rehabilitation, building renovation, you can benefit from the renovation bonus 2023. To date, it is possible deduct from Irpef 50% of the expenses incurred from 26 June 2012 to 31 December 2024, with a maximum limit of €96,000.00 for each real estate unit.
Extraordinary maintenance includes the installation of elevators and safety stairs, construction and improvement of toilets, replacement of external fixtures and windows or shutters with shutters and modification of material or type of fixture, renovation of stairs and ramps, interventions aimed at energy saving, fencing of private areas, construction of internal stairs; restoration and conservative rehabilitation include interventions aimed at the elimination and prevention of situations of degradation, the adaptation of the heights of the floors in compliance with the existing volumes, the opening of windows for ventilation needs of the rooms; Building renovation includes the demolition and reconstruction with the same volume of the pre-existing building, the modification of the facade, the construction of an attic or a balcony, the transformation of the attic into an attic or the balcony into a veranda, the opening of new doors and windows, the construction of toilets in expansion of the existing surfaces and volumes.
The 2023 restructuring bonus must be divided into ten equal annual installments. The relief is aimed at taxpayers subject to Irpef, whether or not resident in the State, who support the renovation costs. In particular, those who can benefit from the relief are the owners of the properties subject to the intervention, the holders of real/personal rights of enjoyment on the properties, the tenants, the family member cohabiting with the owner or holder of the property subject to the intervention (spouse, member of the civil union, relatives within the third degree and relatives within the second degree), the cohabitant more uxorio (for expenses incurred starting from 1 January 2016).
Building renovation with the 65% bonus, as currently foreseen, is possible for expenses incurred by 31 December 2024. As specified by the Revenue Agency, for the majority of interventions that fall within the ecobonus the deduction is equal to 65%, for others it is 50%. The benefit consists of a deduction from the Irpef or Ires, to be divided into ten annual installments of the same amount, the amount of which varies depending on whether the intervention concerns the single real estate unit or the condominium buildings and the year in which it was carried out. The interventions must be carried out on real estate units and on existing buildings or parts of buildings, registered or for which registration has been requested, of any cadastral category, even if rural, including those instrumental for business or professional activity, goods or assets.
The Revenue Agency also explained that for interventions carried out on the common parts of condominium buildings or which affect all the real estate units that make up the single condominium, different rules and measures are envisaged. When certain energy performance indices are obtained, you can take advantage of higher deductions (70% or 75%), to be calculated on a total amount not exceeding 40,000 euros multiplied by the number of real estate units that make up the building. For interventions on the common parts of condominium buildings located in seismic zones 1, 2 and 3, aimed jointly at reducing seismic risk and energy requalification, a deduction of 80% is envisaged, if the works determine the passage to a lower risk class, or a deduction equal to 85%, if the interventions determine the passage to two lower risk classes. The benefit, in these cases, must be calculated on an amount of expenses not exceeding €136,000.00 multiplied by the number of real estate units that make up the building.
The bonus for eliminating architectural barriers consists of one 75% tax deduction for works to eliminate architectural barriers in existing buildings. Based on the latest extension, the relief will remain in force until 31 December 2025. The deduction foreseen for the architectural barrier bonus must be divided into five annual installments of the same amount. Individuals, condominiums or businesses can benefit from the architectural barrier bonus.
As specified by the Revenue Agency, the benefits linked to building renovation include the expenses incurred for lifts and hoists, for elevators outside the home, for the replacement of steps with ramps, both in buildings and in individual real estate units, and those for the creation of tools which, through communication, robotics and any other technological means, promote the internal and external mobility of people with serious disabilities.
The reference legislation provides for the following spending limits which give the right to the relief provided by the architectural barrier bonus:
If the property is being renovated, it is then possible to benefit from the furniture bonus, which is an Irpef deduction for the purchase of furniture and large appliances. The deduction must be calculated on a maximum amount of €8,000 for 2023 and €5,000 for 2024, including any transport and assembly costs, and must be divided into ten annual installments of the same amount.
But who can benefit from the furniture bonus? The deduction is possible for those who purchase new furniture and appliances by 31 December 2024 (of a class no lower than class A for ovens, class E for washing machines, washer-dryers and dishwashers, class F for refrigerators and freezers) and have carried out building renovation work starting from 1 January of the year preceding the purchase of the goods.
From inside to outside. Finally, for those who want to green the private uncovered areas of existing buildings, real estate units, appurtenances or fences, irrigation systems and create wells or green roofs and hanging gardens, there is the green bonus. The benefit has been extended to 2024. Specifically, it is a Irpef deduction of 36% on the expenses incurred which must be divided into ten annual installments of the same amount and calculated on a maximum amount of 5,000 euros per real estate unit for residential use, including any design and maintenance costs connected to the execution of the interventions.
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