The 2019 Budget maneuver brought some interesting news to Italian real estate taxation, and the usual wave of extensions to bonuses that millions of Italians have variously accessed in recent years.
The occasion of this our first focus of the new year is a good one to be able to summarize what has changed, and what finds confirmation.
The news: dry coupon on commercial real estate
Let's start with the first novelty of this year, to concern the properties on which a lease for commercial operation concerns. On such contracts, it is finally possible to exercise the option for the 21% dry coupon, which will therefore also cover stores and laboratories, as long as they are of cadastral category C1, under 600 square meters of total area (excluding appurtenances).
The contracts must be entered into as of last Jan. 1, 2019, and must not be an artificial replacement of contracts between the same parties and for identical property that were in place last Oct. 15, 2018, and terminated earlier than the natural expiration of the stipulated terms.
Bonus extensions
Extensions of tax bonuses find ample space in the 2019 Budget Law, starting with the one - best known - on renovations: the final deadline has been moved to December 31, 2019, by which to enjoy a 50 percent IRPEF deduction on costs incurred for renovations, with a maximum cost of 96,000 euros. Same deadline for the bonus on furniture and appliances of class A and A+, provided that the renovation work has begun since January 1, 2018. The deduction is this case equal to 50 percent of the expenses incurred, with a maximum of 10 thousand euros. For both benefits, the distribution of the bonus will take place over 10 years.
Among other benefits we also note that of the redevelopment of green spaces, which will operate at the usual rate of 36 percent, to be applied on expenses incurred to upgrade terraces, balconies and gardens. Also welcome is the extension of the deadline for the energy saving bonus, with a 50% rate on a maximum expenditure ceiling of 100,000 euros. It is, however, possible to take advantage of a larger deduction, at a rate of 65 percent, in the case of the purchase and installation of micro-cogenerators to replace existing systems, or again with the replacement of old systems with new systems equipped with hybrid appliances or condensing hot air generators.
Finally, we note how the so-called "sismabonus," or the tax benefit on earthquake-resistant interventions carried out in buildings in high-hazard zones in order to increase the seismic risk by one class (the deduction operates in this case at 70 percent of expenses) or two classes (80 percent), has been extended to the whole of 2019.
