The Revenue Agency explains how young couples can benefit from the new furniture bonus, a facility introduced by the Renzi government with the 2016 Stability Law. Here are the main clarifications provided by the tax authorities with circular letter no. 7/E.
WHO CAN ACCESS THE MOBILE BONUS?
In order to take advantage of the furniture bonus, couples must meet three requirements.
1) Marriage or cohabitation
– In 2016 they must have been married or living together for at least three years.
2) Age
– At least one of the members must not be over 35 years of age (at most he can do it by 31 December next).
3) Buying a house
– Couples must have purchased a property in 2015 or 2016 which this year is used as their main residence (ie it must be the house where they live and have their registered residence). Properties purchased in 2016 can be used as a main residence within the deadlines for submitting the tax return for this tax period (deadline for submission of the 2017 PF Single Form).
It makes no difference whether the purchase is made by both or just one member of the couple, but in the second case, the person buying the property must be at least 35 years old in 2016.
WHICH FURNITURE COMES WITH THE BONUS?
Yes
Among the furniture for which the subsidy is valid, the Revenue Agency mentions, by way of example, beds, wardrobes, chests of drawers, bookcases, desks, tables, chairs, bedside tables, sofas, armchairs, sideboards, mattresses and appliances lighting. The new deduction is envisaged for expenses incurred from 31 January to 2016 December XNUMX for the purchase of new furniture intended to furnish the couple's main home.
No
Regardless of the date and destination of the purchase, money spent to buy doors, flooring (for example, parquet), curtains and other furnishings are excluded from the benefit.
HOW IS THE MOBILE BONUS CALCULATED?
The bonus applies to the extent of 50% of the expenses incurred on a total amount not exceeding 16 thousand euros (attention: the cost ceiling on which to calculate the deduction refers to the pair, not to the individual components). The subsidy must be divided among those entitled in ten equal annual installments.
CAN THE FURNITURE BE PAID IN CASH?
No. To be eligible for the bonus, payment for the purchase of new furniture must be made by bank transfer or by debit or credit card.
WHAT IS THE DIFFERENCE WITH THE FURNITURE BONUS?
The new furniture bonus for young couples is a distinct and non-cumulative deduction for the same property with the furniture bonus. The latter is the facilitation on the basis of which taxpayers who benefit from the deduction for interventions for the recovery of the building heritage can benefit from a further tax reduction for the purchase of furniture and large appliances with an energy class not lower than A+ (A for ovens).
The furniture bonus was extended to all of 2016 by the latest Stability law, which confirmed the increase in the deduction from 36% to 50% for expenses incurred for the recovery of the building heritage, as well as the increase in eligible expenses from 48 thousand to 96 thousand euros.
