Bonus Ristrutturazioni Edilizie: Who Qualifies and What You Get
Homeowners can claim a 50% tax deduction on renovation costs, spread out over a ten-year period.
This scheme allows homeowners to reduce their tax burden by claiming a portion of the money spent on home renovation works.
Who it's for
This benefit is specifically for homeowners looking to renovate their properties.
What you get
You can receive a 50% tax deduction on the costs of your renovation work. This benefit is not a single lump sum; instead, the deduction is spread out over a period of 10 years.
What it costs you
While there is no fee to apply, you must pay for all renovation works using a specific type of traceable bank transfer, known locally as a "bonifico parlante." You cannot use cash or non-traceable payment methods if you want to claim the deduction.
The catch to know
You must be highly organized with your paperwork. To ensure you receive the deduction, you need to keep all your invoices and bank receipts for a full 10 years.
How to apply
- Complete your home renovation works.
- Ensure all payments are made via the required traceable bank transfer method.
- Collect and store every invoice and receipt related to the work.
- Report the expenses through your annual tax declaration to claim the deduction.