Source: www.informazionefiscale.it
2018 renovation bonus: here are all the innovations introduced with the extension of the tax deduction for those who carry out work at home, what are the eligible expenses and the amount of the Irpef discount.
2018 renovation bonus: the extension of tax deductions for those who carry out work at home is official.
Also for work at home carried out from 1 January 2018 it will be possible to benefit from the Irpef deduction, for an amount equal to 50 percent of the expenses incurred.
The 2018 Budget Law has introduced important changes on home bonuses for taxpayers.
In this article we will deal in detail with the 2018 renovation bonus, analyzing what are the benefits provided and extended until next December 31 for those who carry out work at home.
The changes envisaged from 1 January 2018 are many: they range from the confirmation of the extension of the renovation and furniture bonus, to the new deduction rates for the Ecobonus for works started from 1 January 2018.
The text of the 2018 Budget Law also confirms the introduction of the green bonus, i.e. the deduction of 36% and up to 5,000 euros of expenditure for the care of private gardens and terraces.
The extension of the 50% deduction up to 96,000 euros of expenditure for renovation work carried out in 2018 was particularly eagerly awaited. Here’s what the renovation bonus will be like in 2018 and what will be the amount, limit and extent of the tax deduction for those who want to renovate their home.
2018 home bonus, extension of tax deduction for renovations
The extension of the renovation bonus is one of the measures contained in the official text of the 2018 Budget Law, in force since 1 January 2018.
Also for works started from 1 January 2018 and until 31 December it will be possible to benefit from the tax deduction of 50% of the expenses incurred and within the limit of 96,000 euros of expenditure.
Starting from 1 January 2019, the bonus for building renovation works will return to the original measure provided for by art. 16-bis of the TUIR: the original rule provides for an Irpef deduction equal to 36% of the expenses incurred, up to the limit of 48,000 euros for each real estate unit.
With Decree-Law no. 83/2012 , the renovation bonus was raised to 50% for the first time and the subsidized expenditure ceiling to 96,000 euros, followed by numerous extensions, most recently the one provided for by the 2018 Budget Law.
Let’s see below which works are due to the renovation bonus in 2018 and which are the other bonuses for work at home extended with the Budget Law.
2018 renovation bonus: for which works it is due
Based on what is already provided for in the guide of the Revenue Agency, the 2018 renovation bonus is due for:
- ordinary and extraordinary maintenance, restoration, conservative renovation and building renovation works carried out on common parts of residential buildings, i.e. on condominiums (interventions indicated in letters a), b), c) and d) of Article 3 of Presidential Decree 380/2001);
- extraordinary maintenance, restoration and conservative renovation, building renovation carried out on individual residential real estate units of any cadastral category, including rural and appurtenances (interventions listed in letters b), c) and d) of Article 3 of Presidential Decree 380/2001).
Some examples of ordinary maintenance work for which the renovation bonus is recognized are the following:
- Installation of lifts and safety stairs
- construction and improvement of toilets
- replacement of external fixtures and windows or shutters with shutters and with modification of material or type of window
- renovation of stairs and ramps
- interventions aimed at energy saving
- Private area fence
- construction of internal stairs.
For further details, readers can consult the guide of the Revenue Agency. In this regard, further updates are expected after the official extension to 2018.
2018 home bonus: tax deduction for renovations and more. Here are all the news
What are the additional tax breaks for the home currently confirmed and extended in the 2018 Budget Law?
Also with regard to the 65% Ecobonus, there are some important innovations: the 2018 Budget Law provides for the application of the 50% rate for the replacement of windows and fixtures and for the installation of boilers.
In the latest amendments to the Budget Law, it is also confirmed that also for 2018 it will be possible to benefit from the furniture bonus, currently provided for until 31 December 2017. The deduction will be equal to 50% of the expense incurred and within the limit of 10,000 euros.
Furniture bonus, extension in the 2018 Budget Law
Among the news on tax discounts for those who carry out work at home is the extension of the furniture bonus until 31 December 2018. The facilitation, in doubt until the publication of the final text of the 2018 Budget Law, is now confirmed.
Taxpayers who carry out renovation work and who purchase furniture or large appliances of class at least A+ will be able to benefit from it.
The deduction provided for is equal to 50% of the expenses incurred within the limit of 10,000 euros. It must be requested in the tax return and will be divided into ten equal installments.
Currently, however, there is no news on the furniture bonus for young couples, which expired and was not in force in 2018.
How the Ecobonus changes starting from 1 January 2018
In addition to the renovation bonus, one of the confirmations already announced in the first text of the 2018 Budget Law is the extension of the Ecobonus also for works aimed at achieving energy savings carried out starting from next January 1st.
However, there are many novelties, because the Irpef deduction provided for by the Ecobonus will no longer be equal to 65% for all work carried out but will go to 50% for:
- replacement and installation of fixtures;
- replacement and installation of winter air conditioning systems with the installation of condensing and biomass boilers;
- installation of solar shading.
Still on the subject of concessions introduced also with the aim of respecting the environment, starting from 1 January 2018 the green bonus will come into force , a tax deduction of 36% and for a maximum of 5,000 euros of expenditure for those who carry out green maintenance work in private spaces.
Ecobonus condominiums and Sisma bonus also in 2018 and until 2021
As already provided for by the previous legislation, the deductions for energy redevelopment works in common parts of the condominium and the Sisma bonus will remain in 2018 and until 31 December 2021.
The Ecobonus for condominiums, for which instructions and news have recently arrived – with the possibility of transferring the credit of incapable condominiums also to banks and credit institutions – will be able to reach up to 75%.
The Sisma bonus, for works carried out from 1 January 2017 and until 31 December 2021 will be 70%, or 80% in the event of a reduction of two risk classes. The deduction rises to 85% when the intervention is carried out in condominiums.
