Facade bonus with a large tax discount
The spectrum of possibilities to take advantage of the 90% deduction on the costs incurred for the renovation of the facades of buildings is broadened. The Revenue Agency has in fact specified in its recent circular no. 2/2020 that “interventions aimed at the recovery or restoration of the external facade made on existing buildings, parts of existing buildings or existing real estate units of any cadastral category, including instrumental ones, are admitted to the facade bonus”.
The specification from the Tax Authority comes as a result of a request from a taxpayer who asked for confirmation about the expenses incurred in 2020 for the renovation of cornices, on facades visible from the public road and whether these expenses could benefit from the 90% facade bonus.
The Agency’s response admitted that in practice “the facilitation concerns all the works carried out on the visible external envelope of the building, that is, both on the front, front and main part of the building, and on the other sides of the building (entire perimeter external). The bonus is not due, however, for interventions carried out on the internal facades of the building, if they are not visible from the street or from the ground for public use “.
Among the facilitated works, the Agency has also set a further clarification: the maxi tax deduction of 90% can also include works attributable to urban decoration, such as those relating to interventions on the gutters, the downspouts, the parapets, the cornices and to the arrangement of all the plant parts that insist on the opaque part of the facade.
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