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Since 2012 various state subsidies have been introduced as supportive measures for the building industry. With this a reduced VAT of 10 % has been permanently confirmed – it can be applied for all extraordinary and ordinary maintance works. All other measures have been prolonged year after year. In 2017 there even can be tax reliefs up until 85 % regarding some interventions!
In order to claim tax concessions a person has to already pay taxes in Italy so that the tax benefits can be settled.
Private persons as well as building companies have the possibilty to write-off up until 50 % of arising costs for reconstruction and restoration works of estate properties costing up to a maximum of 96.000 euros. continue
Because of the devastating earthquakes, which have been taking place over the last years in central Italy, the issue of quake protecting has more and more come into the spotlight. Currently there are tax depreciation possibilities of 50 % to 85 % regarding building works done in order to improve seismic safety. continue
Energy efficient construction and reconstruction works have been strongly supported over the last years. Also in 2017 there is a possibilility of tax write-offs of 65 % regarding reconstruction measures of buildings carried out to render the property more energy efficient. continue
The Italian state offers also a tax write-off for furniture and large electrical appliances of the category A+ and more, provided these were acquired in the course of reconstructing a property. continue