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Stability law 2018

23 November 2017

The proposed legislation for the new stability law (Legge di Stabilità), which is redefined every year, has been brought forward and will ultimately be passed in December. We are glad to be able to already offer you a brief insight revealing the most important contents regarding the real estate market.

Construction subsidizing

State subsidies will also be extended for 2018, however with some substantive amendments:

Restoration

The tax deduction of up to 50 % for arising expenses regarding refurbishment works of properties will be further available. See Bonus Ristrutturazioni.

Furnishing

The tax reduction of 50 % for the acquisition of furnishings for refurbished properties up to 10.000 euros will be further available. See Bonus Mobili.

Green areas

The “Bonus Verde” is a novelty and provides the possibility of a tax reduction of 36 % of expenses up to 5.000 euros necessary to refurbish outdoor facilities of properties. The mandatory requirement for the tax reduction is an associated property to the green areas and a traceable payment method of all executed works. The creation of gardens and green areas, the realisation of fences and irrigation systems, the construction of fountains as well as all costs regarding the planning and implementation are subject to the tax reduction.

Energy consumption

Costs for measures taken to reduce the energy consumption of properties can be further written off, although there will be some substantive amendments:

With 2018 there will be state subsidies up to 30.000 euros for the acquisition and installation of biomass-fuelled winter air conditioning systems. But for the expenses listet below, only 50 % can be written off:

  • Acquisition and installation of windows and their accessories for the appropriate solar protection
  • Replacement of winter air conditioning systems with condensing boilers

Energy savings have to be proven by the submission of the energy certificate. The Italian agency for tecnology, energy and sustainable developement (ENEA) will undertake prospective random checks. (For more informationen see Ecobonus.)

 

Communal taxes

Rates for communal taxes and fees remain the same in 2018, which means that fees for the land tax IMU, the communal service charge TASI and the waste collection charges TARI remain unvaried for property owners.

Added value tax

Also the originally planned increase of value added tax for 2018 has been put on ice and is rescheduled for January 1, 2019. For the years ahead, the measures below are planned:

  • 01.2019: Increase in value added tax from 22 % to 24,2 % and from 10 % to 11,5 %.
  • 01.2020: Increase in value added tax from 24,2 % to 24,9 % and from 11,5 % to 13 %.
  • 01.2021: increase in value added tax from 24,9 % to 25 %.

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