Rebate/tax deductions for renovation

jmarchini Image
09/01/2014 - 18:06

Rebate/tax deductions for renovation workMy cousin in Italy told me that it is possible to get a rebate/tax deduction for having renovation work done on your house in Italy. I have recently had a roof replaced on my flat. Could someone explain how the system works?Many thanks,JM 

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Firstly you need to be na Itlaian tax payer, as you get deductions on your income tax bill only.  Secondly the work must be done absolutely legally with professionals, DIA, and all the paperwork done perfectly.  Thirdly you need to pay by bank trasnfer only when you pay the workmen - and fourthly at the moment its only for this year - from 2015 there will probably be a muchsmaller scheme. You also need to start the process before you do the work, so for your roof its too late.