The new year begins with good news. Those who have planned to renovate their homes, or make improvements can count on the incentives of the 2022 home bonus, confirmed in the Budget Law. With some changes, let us take a look at the tax breaks which you may benefit from.
Water bonus for the replacement of hydraulic components with reduced emissions
The water bonus has been extended until 31 December 2023. This incentive, also known as the bathroom bonus or tap bonus, consists of a contribution of € 1,000 for the replacement of water-saving taps and sanitary ware.
Individuals residing in Italy who, on existing buildings, replace ceramic sanitary ware with new reduced-drain appliances, shower heads, taps, shower columns and for installation and disposal costs can benefit from this bonus.
The novelty of this year is that, unlike 2021, the facility is in the form of a tax deduction and no longer as a direct refund. For the whole of 2022 the bonus was financed with 5 million, while in 2023 1.5 million will be allocated.
Those who want to benefit from the water bonus can do so by filling out the application on the platform of the Ministry for Ecological Transition.
Furniture bonus on the purchase of new furniture and appliances
The 50% bonus on the purchase of new furniture and appliances for homes under renovation has also been extended. For this bonus 10 million euro have been allocated for 2022, and consists of the Irpef deduction of 50% of the expenditure to be recovered in 10 years.
The furniture bonus is valid for home renovation works started from 1 January 2021. As a result of the modification of the new EU rules regarding the classification of energy labels, values higher than A are no longer envisaged, but they go from A to G. Therefore, the law speaks of a “class not lower than class A for ovens, E for washing machines, washer-dryers and dishwashers, F for refrigerators and freezers”.
To be able to apply for the mobile bonus, you must comply with specific requirements:
- • You have not already benefited from the eco-bonus,
- • The renovations must be of extraordinary maintenance (construction of new toilets, installation of heat pumps or replacement of the boiler),
- • When an intervention is carried out on the condominium parts, the condominiums are entitled to the deduction, each for their own share, only for the goods purchased intended to furnish these parts.
All the information on Superbonus 110%, Ecobonus and Sismabonus
With some new features, the Budget Law has extended the incentives for improving energy efficiency. Now the beneficiaries of the Superbonus also include single-family homes that can apply for them up until the 31 December 2022, without any ISEE ceiling constraints. The extension to 2023 applies only to public housing and condominiums.
The Ecobonus has been extended until 31 December 2024 and provides for tax deductions over 10 years of 65% and 50% on interventions to improve energy efficiency.
The Sismabonus was also reconfirmed until 31 December 2024 with a variable rate depending on the type of property.
The bad news, however is for the Facade Bonus which has been extended, but with a rate of 60% and not 90% as in the previous law.
Do you want to renovate your house? Take a look at home renovation incentives
In the 2022 renovation bonus, the home renovation incentives were confirmed with a three-year extension until 2024 with a 50% deduction. This bonus provides for tax deductions in 10 years within the tax return a maximum spending ceiling of 96 thousand euro per property unit. As an alternative to the deduction, you can opt for the discount on the invoice or for the transfer of credit.
Anyone planning to renovate their home, or to purchase a property to renovate, can take advantage of these renovation tax breaks offered by the State. If you are looking for a property to renovate, don’t miss our opportunities for homes for sale.
