The most popular by the Italians. More than 400 thousand requests for the tax deduction of 36% on restructuring, which was extended through 2012. A summary
Thirteen years and do not look it. In a time of savage cuts to resist all this time is a true record. For this reason, the 36% tax deduction on renovation of buildings may well be called the "dean" of the facilities. And despite his age is in excellent health.
According to the Inland Revenue from January to October 2010 were over 410mila communications building renovation work necessary to get the discount for tax purposes. 40 thousand more than the same period last year, which equates to an increase of 11%. A success due to the fact that similar facilities (and more), as the bonus of 55% for eco-restructuring, are less stable and with a narrower scope.
addition the Inland Revenue has just republished his detailed guide to the facilities for building renovations (download pdf). A practical tool to date with changes introduced by the Finance Act 2010, namely the extension:
• 31 December 2012 deadline to qualify for the deduction of 36% on restructuring costs;
• 30 June 2013 deadline for the purchase of refurbished buildings (but also by the end of 2012) by construction companies or cooperatives.
summarize the main requirements in practice.
What
A discount from TAX 36% of the costs incurred for the restructuring:
• Maximum amount of costs: € 48,000,
• Maximum amount of deduction: € 17,280 (ie 36% of 48,000).
The amount must be entered in the tax return in the subsequent year and is deductible in:
• 10 years for all taxpayers with less than 75 years of age;
• 5 years for taxpayers with less than 80 years;
• 3 years for taxpayers with more than 80 years.
on the work and materials is also provided for the reduced VAT rate to 10%.
Beneficiaries
All individuals own property in any way (ie the owners but also those who are tenants or tenancy).
activities and expenses allowed
All routine maintenance and repairs, conservative renewal, building renovation, for the following expenses: •
design, consulting, expertise,
• execution of work;
• purchasing materials;
• commissioning rule of electrical installations and equipment on gas
• compliance report of the work;
• taxes and other bureaucratic costs (VAT, stamp duty, licenses, permits and complaint
start works);
• infrastructure costs.
How
must complete a form for reporting the start of work (download pdf) and send to: Operations Centre in Pescara - Via Rio Esparto, 21 - 65100 Pescara.
should also be provided in other documents as may be required (Dia, building permit etc.)..
All payments to the company carrying out the work should be made by bank transfer which must indicate the specific reason for the payment and the tax code of both parties (typically banks have special forms for this type of transfer).
It 'important to keep:
- invoices, receipts tax deductible purchases and services;
- receipts as proof of payment of the subsidies.
source: http://economia.virgilio.it
A Edilshow 2011 an overview of technologies, solutions and products for renovation and energy saving in buildings.
0 comments:
Post a Comment