BUILDING RENOVATION BONUS

Tax bonus for the deduction of 50% of the value for home renovation

The home renovation bonus was confirmed until the end of the calendar year 2019. This facility coincides with a 50% deduction of the personal income tax from the amount spent for building renovation. Ten shares must be paid on an annual basis from the identical amount and the measure is valid on interventions costing up to 96 thousand euros.

From ordinary maintenance to extraordinary maintenance, the advantages are applicable to interventions inside buildings that are already functioning. For example, the deduction can be applied to operations concerning the electric and hydraulic system, the walls, the armored doors, the railings and the video surveillance system.

BUILDING RENOVATION BONUS: GUIDELINES

  • Extended until 12/31/2019
  • For building interventions up to a maximum amount of 96 thousand euros
  • 50% Irpef deduction in 10 years

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