2013 Tax Deductions
Until December 31, it is still possible to foster tax breaks for building renovations.
It is possible to deduct on IRPEF (income tax of physical persons) a portion of the costs incurred to renovate homes and common areas of residential buildings situated in the State's territory
Those that can take advantages from tax deduction on the cost of restructuring are all taxpayers subject to income tax of individuals (personal income tax), whether resident or not in the State.
WORKS INVOLVED IN TAX DEDUCTION.
Works on real estate units and residential buildings which could provide tax relief are:
interventions aimed to wire buildings, to reduce noise, to achieve power savings, operations that concern inner works and the adoption of measures of static and seismic safety of buildings.
The implementation of measures aimed to energy saving is equalized to the construction of renewable energy plants. Therefore, the installation of photovoltaic system for the production of electrical energy, as based on the use of the solar source and, therefore, on the use of renewable sources of energy, takes part in tax deduction (resolution of the Revenue n. 22/E of 2 April 2013). To take deduction's advantages is however necessary that the system is installed to meet the energy needs of the house (for domestic purposes, for lighting, power of electrical equipment, etc.) and, therefore, that the same installation is directly placed at the service of the house.
For more information, please download the pdf.