CONSTRUCTION TAX BONUSES IN 2019

The Budget Law for 2019 extended by one year access to the bonuses that expired last December 31, 2018. A confirmation of the rules and deduction percentages defined in 2018, almost unchanged.

The benefits will therefore be valid until Dec. 31, 2019, excluding those expiring in 2021, such as energy upgrading works on condominium parts and earthquake prevention works.

Here is a quick summary of the main concessions in force in 2019.
This is a summary vademecum, for in-depth information we encourage you to visit official government websites such as that of theAgenzie delle Entrate orENEA, or by downloading the Guide to Tax Concessions

ECOBONUS
Also confirmed is the so-called Ecobonus, which groups together rebates for comprehensive energy upgrades and on roofs. It remains at 65 percent for energy upgrades such as installing insulation, solar panels, home automation, heat pumps and hybrid generators. At 50 percent, on the other hand, for windows and shading, class A condensing boilers and biomass boilers.
The bonus is in effect until the end of 2021 for condominium work and can reach 70-75 percent for work on condominium shells.

In brief:
Scope: energy upgrading
Deadline: extended to Dec. 31, 2019 (2021 for condominiums)
Deduction: 50% – 65% (70-75% for condominiums)
Recovery years: 10 years
Maximum expenditure: 100,000 euros

GREEN BONUS
Confirmed and extended the Green Bonus introduced in 2018, which allows for a 36 percent deduction (on a maximum amount of 5 thousand euros per property unit) of expenses for the maintenance and design of private outdoor areas such as balconies, courtyards and gardens. It includes the construction of wells, irrigation systems, fences, green roofs, roof gardens and is also applicable to common condominium parts.

In brief:
Scope: gardens and balconies
Deadline: extended to Dec. 31, 2019
Deduction: 36%
Recovery years: 10 years
Maximum expenditure: 5,000 euros

BONUS RENOVATIONS
Also for 2019 there will be a 50 percent tax deduction for a maximum expenditure of 96,000 euros per property unit for renovation work on private homes. The deduction is applicable not only to works of extraordinary maintenance, restoration and conservative rehabilitation, but also to the elimination of architectural barriers, cabling and containment of noise pollution and energy saving, including the replacement of floors if included in extraordinary maintenance.

In brief:
Scope: private renovations
Deadline: extended to Dec. 31, 2019
Deduction: 50%
Recovery years: 10 years
Maximum expenditure: 96,000 euros

BONUS FURNITURE
Confirmed also for 2019 the 50 percent Irpef deduction on the purchase of furniture and large household appliances in class A+ (A for ovens) exclusively for the furnishing of a property undergoing building renovation. Therefore, we recall that this deduction is limited to those who also benefit from the renovation allowance and only for renovation work started not before 2018 and at least extraordinary maintenance.

In brief:
Scope: purchase of furniture and large appliances in class A+
Deadline: extended to Dec. 31, 2019
Deduction: 50%
Years of recovery: 10 years
Maximum expenditure: 10,000 euros