Building renovations: new for 2014
Would you like to recover most of the costs incurred for renovations on your property, for furniture or to insulate your home?
I write this post to let you know that you edited the article 14 of Decree number 63 of June 4, 2013 which refers to tax deductions for building renovations, energy-saving, buying furniture and an earthquake.
With these new features were introduced further extensions and changes affecting the renovation of buildings.
Tax deductions will be divided like this:
You can save 50% of the costs you have incurred since June 26, 2013 to date and those that support until December 31, 2014;
As for the charges that you will sustain throughout the 2015 can take advantage of a tax deduction of 40% calculated on the amount of costs.
Observing the new deadlines will note that regarding the saving of 50% was made an extension of twelve months than previously expected.
Also provided tax deductions and novelties also for what concerns the parts. In these cases, the deduction is equal to 65% for expenses incurred between June 6, 2013 and June 30, 2015.
With regard to energy conservation, the law in question provides for an extension of the deduction for the buildings already constructed and ready the tax deduction allowed is of 65% for the period between the end of June 6, 2013 and 2014. An additional deduction of 50% is sustainable for intervention undertaken throughout 2015.
Also in this case the deductions granted on interventions in the common areas of condominiums, 65% of the costs are set out as far and have been extended until June 30, 2015.
Instead, on the first of July 2015 until June 30, 2016, the deduction will lower the 50% of the costs.