The deduction referred to in this paragraph, to be divided among those entitled in ten annual installments of the same amount, is up to 50% of the expenses incurred from 1 January 2017 to 31 December 2017 and is calculated on a total amount not exceeding 10,000 euros. The benefit referred to in this paragraph can not be combined with that referred to in letter c) of paragraph 41.
The deduction must be divided into 10 annual installments of the same amount.
For services rendered for building restoration, ordinary and extraordinary maintenance, carried out on the predominantly private housing, the VAT rate of 10% is applied.
Payment allowed by Talking Bank Transfer, Credit Card, Bancomat and also Financing.
Rusconi Design Arredamenti in fact offers you the possibility to support the payment of the renovation and purchase of furniture using a Finalized Loan by paying in convenient installments without giving up the deduction!!!
For the analogy with the ordinary mobile bonus, the practice document refers to circular 29/2013 (illustrative of that other benefit) to identify eligible assets (wardrobes, sofas, chairs, tables, beds, bedside tables, desks, bookcases, chandeliers, mattresses, etc.), reiterating that floors, doors, curtains and other furnishing accessories are excluded; besides the benefit, moreover, the used one.
Bank transfer no longer "speaking"
Deduction with payment by bank transfer or with credit or debit cards. No to checks and cash.
The transfer, as stated in the circular, does not necessarily have to be that prepared by banks and post offices (ie subject to withholding tax) as required, instead, for building renovation measures; the simplification is extended, exceeding the indications provided in the circular 29/2013, also to purchases relating to the generic mobile bonus.
In case of payment by electronic money, the date of payment is considered the day of use of the card indicated on the electronic receipt of the transaction and not the date of debit on the current account.
1 - EXTENSION OF THE DEDUCTIONS SPECTANT FOR INTERVENTIONS OF RECOVERY OF THE BUILDING HERITAGE AND OF THE CD. MOBILE BONUSES AND LARGE HOME APPLIANCES
Article 1, paragraph 74 of the 2016 Stability Law, extends the increase in the deduction percentage from December 31, 2016, from 36 percent to 50 percent, due pursuant to art. 16-bis of the Consolidated Income Tax for expenses incurred for the recovery of the building stock, as well as the increase in eligible expenses from € 48,000 to € 96,000.
This is a mere extension, made by replacing, in art. 16, paragraph 1, of the law decree n. 63 of 2013, the deadline December 31, 2016 with December 31, 2017.
The provisions contained in the regulation adopted by decree of the Ministry of Finance in agreement with the Minister of Public Works, February 18, 1998, n. 41, including the obligation to pay by means of the appropriate bank or postal transfer, as well as; by the provision of the Director of the Revenue Agency on 2 November 2011.
Furthermore, for interventions concerning the adoption of anti-seismic measures and the execution of works for the static safety of buildings, as per paragraph 1, lett. i), of the same art. 16-bis of the Consolidated Income Tax Act (TUIR), the largest deduction rate of 65 percent is confirmed if the expenses are incurred for buildings falling within high-risk seismic areas (zones 1 and 2) pursuant to the Prime Minister's order no. 3274 of 20 March 2003, on the basis of authorization procedures activated from 6 June 2013.
Finally, the aforementioned paragraph 74 of the Stability Law extends for 2017 the deduction of 50 per cent of the expenses incurred for the purchase of furniture and large domestic appliances - class not less than A +, as well; class A for furnaces and equipment for which the energy label is provided - aimed at furnishing the building object of renovation, introduced by the aforementioned Article 16, paragraph 2, of Decree Law no. 63 of 2013 (so-called mobile bonuses and large appliances). Taxpayers who incur expenses for renovations of the property in 2017 and taxpayers who have incurred these expenses in previous years can benefit from the subsidy from 2012.
As clarified in the Telephonic meeting of 28 January 2017, in fact, the paragraph 2 of the art. 16 of the law decree n. 63 of 2013 does not expressly specify the date from which the building interventions must be started, nor the date from which the relative expenses must be incurred. In the circular n. 29 / E of 2013, it was clarified that, for the identification of the building interventions to which the purchases of facilitated furniture are connected, the legislator has implicitly referred to the expenses incurred since June 26, 2012, for which the deduction is due to the higher rate of 50 per cent and with the highest limit of € 96,000 of eligible expenses. Therefore, these expenses constitute the basis for the further deduction in question as they are due to work in progress or in any case terminated by a period of time that presumes that the subsequent purchase of the furniture is directed to the completion of the work; furnishing of the building on which the works were carried out. We remind you that, as clarified in the circular n. 11 / E of 2014, par. 5.7, based on the wording of the standard, the total amount of furniture costs admitted for deduction, equal to 10,000 euro, must be calculated considering the expenses incurred during the entire period of validity of the facilitation, even in the case of successive and different building interventions that have affected the real estate.