Tax bonus for the purchase of furniture and home renovation

The tax breaks on home renovations also apply to the purchase of furniture!

With the "Furniture Bonus" you can deduct 50% of the amount spent on the renovation of your home from your tax return, including the purchase of furniture and furnishings for the renovated unit.

The concessions have been extended until December 31, 2015!

Take advantage of it now to make the purchases you're already planning and take a look at our Christmas 2014 promotion to save an additional 10%!

Here are some points to remember about the Furniture Bonus

• Maximum amount of eligible spending: €10,000
• The tax deduction is equal to 50% of the purchase (therefore max € 5,000) to be divided into ten annual installments (or max € 500/year, with indication in the tax return)
• The furniture purchased must be used to furnish the property for which the deduction on renovation costs is used
• Requisites for taking advantage of the Furniture Bonus: all natural persons who submit a tax return and pay taxes to the State can take advantage of it, provided they have carried out a recovery operation on the building stock of a real estate unit. The interventions of recovery of the building heritage mean the interventions of extraordinary maintenance, restoration and building renovation. The purchased furnishings must be intended for the real estate unit subject to the building renovation.
• Which products are included in the Furniture Bonus: - New furniture of any type (such as, by way of example, beds, storage units, desks, tables, wardrobes, etc.); - Lighting equipment. - Furnishing accessories such as carpets, decorative objects, used and second-hand furniture, doors, curtains and floors are excluded.
• How to pay: - by credit card: for the purposes of the deduction, the payment date will coincide with the day of effective use of the card (and not with the effective date of debit). - through the so-called "transfer for renovations" (having the characteristics established by the law on renovations, i.e., Tax Code/VAT number of the parties and indication of the reason, which must include the details of the reference legislation). On this point, it is advisable to ask your bank.
• Which documents to keep: - receipt of the "speaking" bank transfer - receipt of the completed transaction (for payments by debit or credit card) - debit documentation on the current account - purchase invoices showing the nature, quality and quantity of goods purchased and, preferably, the buyer's tax code

More information:

http://bonusmobili.it/

Decree law http://www .gazzettaufficiale.it/atto/serie_generale/caricaDettaglioAtto/originario?atto.dataPubblicazioneGazzetta=2013-06-05&atto.codiceRedazione=13G00107&elenco30giorni=false

Circular from the Revenue Agency http://www.agenziaentrate. gov.it/wps/file/Nsilib/Nsi/Documentazione/Prov...

Disclaimer: the information in this section is intended for informational use only. It is the buyer's sole responsibility to verify that they are eligible to access the deduction and correctly carry out the procedures to request it. If you have any doubts or are not sure whether you meet the requirements for the deduction, we urge you to consult the legislation and check with your trusted professional.