Extension of deduction 36% on restructuring

The Government has decided to extend until 31 December 2012, the income tax relief of 36% on building renovations and it becomes permanent the VAT rate of 10% for performance on the ordinary and extraordinary maintenance: these are contained in the new tax bill 2010 budget approved by the Council of Ministers last week.

The bonus of 36% will be valid for the interventions carried out between 1 January 2008 and 31 December 2012 for the enterprises of construction or renovation of buildings and building societies, who shall assignment or alienation of the property by June 30, 2013 . The discount will be calculated on a maximum spending limit of EUR 48 thousand for each property to be divided in ten years.

Taxpayers age of 75 to 80 years can split the deduction, respectively, in five or three annual installments. In order to benefit from the tax reduction, it is essential to send in the notice of commencement of works. The model, available on the website of the Inland Revenue, must be sent before the start of the work.

To it, once compiled, must be accompanied by a self-regarding possession of the building permit or notice of commencement of works (DIA) if required for the work to be performed, if the claim to the ASL (only needed for sites with a duration of more than 220 days or special hazard for safety); cadastral data and payment receipts ICI from 1997 onwards.

 

02/10/2009

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Translated via software

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Source:

Italian version of ReteArchitetti.it