Construction: VAT concession to 10%

Application of the facilitated to 10%. The Finance Act of 2008 extended the application of the special VAT rates of 10 percent to services up to 31 December 2010 (extended until 2012 by the current wording of the 2010 budget) and were aimed at the restoration work of the building such as:

or routine maintenance;

or maintenance;

or restoration and consolidation conservative;

or building renovations;

or the actions of the new constitution,

or carried out on manufactured mainly for private housing.

L 'rate may be applied both to the services that the supply of materials and "significant assets" (specifically outlined in the Law of 29 December 1999) such as:

Fixtures and internal or external;

or lifts and hoists;

or boilers;

or video intercoms;

or air-conditioning equipment and air recycling;

or sanitary taps and toilets;

or safety equipment.

The provision of services the reduced rate will apply on the total amount of transactions, while significant assets at the rate of 10% will be applied only on the difference between the total value of the benefit and that of significant assets, as shown in the following example.

 

Example (amounts in €):

Intervention cost 12,000

a) for work performed 5,000

b) the cost of significant assets (eg healthcare) 7,000

Applying VAT 10% only on the difference between the amount of assistance and that of significant assets (12000-7000 = 5.000)

On the residual value of 2.000 applies 20%

For purposes of recognizing the benefits in question does not require any kind of performance.

NB: The application of the special VAT rates by 10 percent, relative to the performance of services relating to interventions recovery of the housing, then the indication is independent of the invoice cost of labor.

The rate of 10% is always expected to

or supplies of finished goods such as doors, window frames, boilers etc.;

or services associated with contracts to supply or work related to: restoration - restoration-conservative restructuring;

or purchase of goods (excluding raw materials and semi-finished products) for work of conservative restoration, renovation, construction, restoration identified by article 3 letter c Presidential Decree of 6 June 2001. 380.

----------------------------------------

Translated via software

----------------------------------------

Source:

Italian version of ReteArchitetti.it