There is not only the abolition of the Tasi on the main house to keep in mind. The 2016 Stability Law, which came into force last January XNUMXst, contains many tax innovations relating to real estate: some are designed expressly for the family (such as the bonus on houses given on loan), while others provide particularly advantageous conditions for young people (such as the furniture bonus and the leasing for the purchase of the first home). The government's goal is to give new impetus to the real estate and construction companies market, but also to guarantee significant savings to taxpayers to encourage domestic consumption.
Here are the 10 main innovations envisaged by the maneuver regarding taxes and tax breaks on the home.
1) TAXES ON THE MAIN HOME
The Tasi on the main house is cancelled. The measure affects 19 million Italians and is worth 3,7 billion.
2) IMU ON AGRICULTURAL AND BOLTED LAND
The IMU on agricultural land and on bolted land, i.e. company machinery fixed to the ground, has also been eliminated. Instead, the Imu remains on the first luxury homes (cadastral categories A-1, A-8 and A-9).
3) BONUS IMU AND TAXES ON THE HOUSE GIVEN ON LOAN
Furthermore, starting next year, only 50% of the Imu and Tasi will be paid on the second home given on loan for use to children or parents. The loan, however, must be registered and you must own at most a first home in addition to the one given to the relative.
4) DISCOUNT ON RENTALS WITH AGREED FEE
For houses rented at an agreed rate, there is a 25% discount on Imu and Tasi.
5) RESTRUCTURING BONUS
The tax relief for property renovations was extended to 31 December 2016. It will be possible to download 50% of the expenses incurred from Irpef in 10 equal annual installments, but with a spending limit of 96 euros and therefore a maximum deduction of 48 euros.
6) MOBILE BONUSES
The furniture bonus is linked to the renovation bonus, which concerns furniture and large appliances of a class no lower than A+ (A for ovens) aimed at furnishing the building being renovated. Also in this case the Irpef deduction is 50%, with a spending limit of 10 thousand euros per single real estate unit. The maximum deduction, therefore, is 5 thousand euros.
However, the furniture bonus is unrelated to the renovation bonus for young couples, who will be able to take advantage of it if they purchase a property to be used as a main residence. In this case the expenditure ceiling is 16 thousand euros (therefore the maximum deduction is 8 thousand euros), to be divided into 10 annual installments. The couple must have been forming a family nucleus for at least 3 years (i.e. they must be married or cohabiting) and at least one of the members must not be over 35 years old.
7) ECOBONUS
The bonus for building energy efficiency works has also been extended to the end of 2016. The portion deductible from personal income tax is equal to 65% of the expenditure incurred. Below is a diagram of the various interventions that fall into this category, with the related limits:
– general energy requalification works of buildings: the expenditure ceiling on which the bonus can be applied is set at 153 thousand euros, which corresponds to a maximum deduction of 100 thousand euros;
– purchase of solar panels: expenditure ceiling of 92 thousand euros, maximum deduction of 60 thousand euros;
– purchase of insulating walls, roofs, floors, windows and insulating fixtures: roof cost at 92 thousand euros, maximum deduction of 60 thousand euros;
– installation of systems with heat generators powered by combustible biomass: expenditure ceiling at 46 thousand euros, maximum deduction of 30 thousand euros;
– replacement of winter air conditioning systems with condensing boilers, heat pumps or geothermal systems: expenditure ceiling at 46 thousand euros, maximum deduction of 30 thousand euros.
8) LEASING FOR THE PURCHASE OF THE FIRST HOME
It is possible to deduct 19% of the leasing installments (and the related redemption) from Irpef paid from 2016 to 2020 to purchase or build a property to be used as a main residence within one year of delivery.
For those under the age of 35, with a total income of less than 55 euros and who do not own other properties for residential use, the maximum eligible expenses are 8 euros for fees and ancillary charges (1.520 euros per year) and 20 euros for redemptions (3.800 euros per year). For those aged 35 or over, the maximum eligible expenses are halved.
9) VAT DISCOUNTS
Who in 2016 buys a property for residential use of energy class A or B from a construction company can deduct from the income tax, in 10 annual installments, a sum equal to 50% of the VAT paid.
10) SECURITY BONUS
The government has allocated 15 million euros to guarantee a tax credit in 2016 to those who buy alarms or video surveillance systems, or enter into contracts with surveillance institutions. A decree from the Treasury will establish the amount of the subsidies.
