Extension of the bonuses for energy upgrading and building renovation works.

The 2016 stability law especially focuses on homeowners, by extending the 50% IRPEF tax relief for renovations and 65% for energy saving, which will allow them to benefit again next year from significant savings on construction and energy efficiency improvement work on buildings, as well as on purchases of furniture and large household appliances. Public housing management bodies will also be able to access tax relief through a 170 million Euro fund allocated for maintenance and will therefore be able to carry out renovations on the most obsolete buildings. AS is the case for this year, the eco bonus for 65% consists in an IRPEF or IRES tax relief, spread over ten annual instalments. The maximum permitted amount for the deduction is 100 thousand Euro. All taxpayers and businesses owners of the property undergoing energy upgrade can benefit from the tax credit. The actions include reducing energy use for winter heating and works for thermal improvement of the building. The relief for anti-seismic adaptation works, aimed at making existing buildings safe, is also confirmed. One may apply for the ecobonus both for upgrading works in individual flats and in the common parts of blocks of flats. The deduction cannot be combined with that for the renovation bonus. The 50% bonus is also confirmed for 2016, to the amount of 96 thousand Euro amortised over ten years. In this case the construction work is for renovation. The application for the relief may be submitted by the owners or holders of real rights on the property undergoing work, as well as tenants and free loan users. Another piece of good news is the confirmation of the furniture bonus: 50% tax deduction, up to a ceiling of 10 thousand Euro. The relief includes expenses incurred for furniture and large household appliances.

The 2016 stability law especially focuses on homeowners, by extending the 50% IRPEF tax relief for renovations and 65% for energy saving, which will allow them to benefit again next year from significant savings on construction and energy efficiency improvement work on buildings, as well as on purchases of furniture and large household appliances.

Public housing management bodies will also be able to access tax relief through a 170 million Euro fund allocated for maintenance and will therefore be able to carry out renovations on the most obsolete buildings.

AS is the case for this year, the eco bonus for 65% consists in an IRPEF or IRES tax relief, spread over ten annual instalments. The maximum permitted amount for the deduction is 100 thousand Euro. All taxpayers and businesses owners of the property undergoing energy upgrade can benefit from the tax credit. The actions include reducing energy use for winter heating and works for thermal improvement of the building. 

The relief for anti-seismic adaptation works, aimed at making existing buildings safe, is also confirmed. One may apply for the ecobonus both for upgrading works in individual flats and in the common parts of blocks of flats. The deduction cannot be combined with that for the renovation bonus.

The 50% bonus is also confirmed for 2016, to the amount of 96 thousand Euro amortised over ten years. In this case the construction work is for renovation. The application for the relief may be submitted by the owners or holders of real rights on the property undergoing work, as well as tenants and free loan users.

Another piece of good news is the confirmation of the furniture bonus: 50% tax deduction, up to a ceiling of 10 thousand Euro. The relief includes expenses incurred for furniture and large household appliances.