If I change the boiler, am I entitled to the furniture bonus? What if I replace the sanitary fixtures instead? To answer this and other questions asked by Cafs and other operators, the Revenue Agency has published a circular (No. 3/E) in which it clarifies the most widespread doubts among Italian taxpayers, explaining which expenses are deductible or deductible and which are not. Here's what emerges from the document.
BOILER REPLACEMENT
Yes, replacing the boiler allows access to the furnishing bonus linked to renovation works, because the intervention concerns an essential component of the heating system and therefore qualifies as extraordinary maintenance.
SANITARY REPLACEMENT
No, the costs incurred for the replacement of the sanitary fixtures (and in particular for the replacement of the bathtub with another bathtub with an opening door or with a shower cubicle) are not eligible for assistance, since they are included in the ordinary maintenance interventions. This intervention cannot be facilitated even as an intervention for the elimination of architectural barriers, even if it is able to reduce, at least in part, the physical obstacles for anyone's mobility.
The taxman explains that it is possible to benefit from the deduction, in general, in the event that the replacement of the sanitary fixtures is integrated or correlated to major interventions for which the tax deduction is due, such as for example the complete renovation of the plumbing systems in the bathroom with innovation of materials, which also involves the replacement of sanitary ware.
SCHOOL
The 19% deduction includes voluntary contributions for technological innovation (purchase of printer cartridges), for school construction (payment for maintenance work), for the expansion of the educational offer (purchase of photocopies for checks or ).
PERTINENCE OF THE MAIN HOME
A garage, garage or parking space, purchased jointly by two different subjects and used by both to service the main house, can be considered pertinent to both in compliance with the ownership percentages. The appurtenant bond with two distinct real estate units is also relevant for income tax purposes. To determine the deductible amount each must refer to the portion of the annuity of the appurtenance equal to the percentage of ownership.
The circular also clarifies that, for the purposes of the deduction for the recovery work on the residential building stock (the expense of which cannot exceed 96 thousand euros), the spending limit on which to calculate the deduction must be calculated taking into account the number of real estate units housing served by the relevance.
PURCHASE OF PROPERTIES TO RENT
The circular from the Revenue Agency clarifies that the limit of 300 thousand euros constitutes the maximum amount of expenditure on which to calculate the 20% deduction (article 21 of Legislative Decree no. 133/2014), even in the case of the purchase of several homes. In terms of residential properties intended for leasing, the document of practice also specifies that interest expense has its own independent limit of deductibility but in any case must be related to a principal amount not exceeding 300 thousand euros.
For the purposes of the deductibility of interest expense, the amounts actually paid are taken into account, and not those accrued in the tax year. Furthermore, it is possible to take advantage of this deduction for the entire duration of the loan. From a temporal point of view, the deduction of 20% of the purchase price is deemed admissible even in the case in which a rental agreement with an agreed rent has been entered into, the duration of which is established in "six plus two" years, being in this case the law to provide for an extension of law up to the minimum duration of eight years envisaged by paragraph 4 of article 21 of Legislative Decree no. 133/2014.
