Hi everyoneWe have just bought an apartment in a small

02/24/2020 - 08:26

Hi everyone

We have just bought an apartment in a small town near Jesi in Le Marche. We are just starting on the renovation now. In discussion with our geometra, he said that because the property was in centro storico there were tax advantages and after 10 years we could get a portion of the cost back.

A google search hasn't highlighted anything. I was planning to talk to my Italian accountant about it but would prefer to know a bit about it before starting the conversation! 

Does anyone know anything about this or point me in the right direction?

Many thanks

Daniel

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you receiva a tax credit , for 60% of the materials used for the restoration, floors, fixtures, thermal boiler ,, and so on - this tax you can receive splitted in 10 year - BUT ONLY if you are italian resident ! and pay for your's income at italian tax office

Hi Daniel,

 

Ugo is right, 

 

once the project is completed you can start to get a tax rebate on the taxes you pay in Italy for the next ten years, there is a pretty complex procedure to follow it is an absolute MUST to get an account to guide you through the red tape, because if you do not do it all the right way, you will not get the rebate. 

Just read this morning on changes in the  new budget.

There will also be help for furniture bought in the process of renovation.

https://www.immobiliare.it/news/confermato-il-bonus-mobili-anche-per-il-2020-ecco-tutte-le-novita-43997/