The Stability law of 2018, better known as Budget Law, establishes important news concerning building regulations, as well as the extensions of the benefits already in effect.
Despite few changes, the “restoration bonus” and the “ecobonus” have been confirmed. In fact, the Stability Law of 2018 confirms the 50% income tax deduction on the costs incurred for restoration works, as well as the “ecobonus”, meaning the 65% income tax deduction on the costs incurred for the improvement of the energy performance of the property.
The “seism bonus” has been confirmed too: the 70/85% income tax deduction on the costs incurred from 1st January 2017 to 31st December 2021 for anti-seismic works on buildings in the seismic areas 1 and 2 (with high level of danger) is now extended also in seismic areas 3 (areas in which earthquakes can verify strongly but rarely).
Lastly, after an initial exclusion, also the “furniture bonus” has been confirmed: it is the 50% income tax deduction on the costs incurred during a restoration, for the purchase of furniture and large home appliances in class A+ or higher.
The Budget Law of 2018 sets out a new entry and a temporary suspension.
The “green bonus” comes into play: 36% income tax deduction on justified costs incurred for the transformation of private uncovered spaces into green areas.
Practically, the benefit will regard all the interventions of planting or transformation into gardens, terraces, balconies and courtyards.
For what concerns the housing benefits, several bonuses will be granted through strict verifications concerning both the actual undertaking of the works and the compliance with the conditions needed to access the tax relief provided by the regulation.