The December 31st is not that far off. There are just over three months left to take advantage of one of the many bonuses designed by governments Conte before and Draghi then to try to support businesses and families in one of the most complicated economic times in this country due to the Covid-19 pandemic.
We said there are only about 100 days to take advantage of a Bonus which can reach a maximum of 1,800 euros per intervention. A Bonus that is accessible to everyone since there is no fixed limit for the Isee indicator.
We are talking about the Green Bonus a measure that allows you to carry out work on the outdoor green areas of your home and have a tax deduction of up to 1800 euros. Let’s go into the details of this measure.
Green Bonus 2021: 1,800 euros of deduction by the end of the year
The Green bonus expires at the end of the year as it was included in the Budget Law in force for 2021. At the moment there is no news regarding its possible extension. It is not known whether the measure will be included in the 2022 Budget Law.
So for those interested it is good to act now to stay within the times that allow you to enjoy the discount.
But what can you do in your own homes? The facility allows you to have incentives if you make them green optics interventions in courtyards, terraces, balconies, if you work on canopies. In general, all the interventions that are carried out on green areas are valid. The maximum deduction is that provided for by the Budget Law, that is 1800 euros.
Green Bonus 2021: hurry up because it expires on December 31st
As previously mentioned, there is not much time to waste as there are only a little more than three months to go until the end of the year. And consequently those who want to start interventions in their green area taking advantage of the facilities must surely tighten the times.
The benefit provided by the Bonus is 1800 euro tax deduction.
The measure does not include a economic incentive to reimburse an expense made. The form of the tax deduction was chosen with a distribution divided over 10 years. Ten shares of equal amount or 180 euros each.
Green Bonus 2021: how is the measure structured?
Meanwhile, it should be emphasized that it was not put for the Green Bonus 2021 no Isee indicator. Everyone can access the measure without problems without any link with the economic indicator of your family or staff. It is a universal measure in all respects. Naturally some limitations and rules are foreseen and now we will also deal with these aspects.
Other aspect from point out: the works in the green area can be carried out in the courtyard areas of private homes by the owners but extraordinary works and interventions can also be carried out in the areas condominium.
It is also allowed to carry out work in this type of buildings.
The Bonus, as mentioned, takes the form of a tax deduction. There is no refund or discount on the purchase such as for the TV Bonus but there is a tax deduction for expenses related to green areas, terraces, balconies, canopies and other courtyard areas with a green perspective.
The maximum personal income tax deduction as mentioned is 1800 euros. This statutory figure was determined as follows: is It was decided to grant an income tax deduction equal to 36% of the expenses that have been made.
The maximum expenditure was established in the figure of 5000 euro therefore the maximum possible deduction is that of 1800 euro. There is no limitation, as mentioned, linked to the Equivalent Economic Situation Indicator (ISEE).
A limitation is set in the following criterion: the measure is addressed only to natural persons. There is no chance for the businesses to access this bonus and the consequent deduction.
Another important specification: the building in which these works take place must already exist at the time of the start of the works. The Bonus is not worth it and consequently the deduction in the case of a building under construction.
The deduction is organized as follows: it is spread over 10 years by virtue of 10 annual installments of equal amount and equal to 180 euros each.
Green Bonus 2021: what are the interventions that can be done?
The Revenue Agency has published a guide to Green bonus. A guide according to which all the people who decide to activate this measure know what they will be able to do.
Interventions granted are the refurbishment and renovation of outdoor areas, the creation of roof gardens, the creation of wells and lawn irrigation systems, the creation of green roofs for canopies, canopies and so on.
What inspires the Bonus is that it has to be interventions and expenses that have the character of maintenance extraordinary. For example, it should not be an ordinary maintenance job such as periodic mowing of the lawn or maintenance with pruning of trees and plants.
There must be something innovative being added that was not present in the situation prior to the intervention.
Purchases of shrubs, trees and plants also apply. But it doesn’t have to be a simple situation that leads to the placement of that purchase in a vase. This must be a new purchase as part of a substantial renovation of the green area in question.
Also any payments for the intervention of professionals are valid for the deduction.
For example, the intervention of a outdoor decorator can be deducted. However, it is necessary for everything to access this bonus that payments are made by December 31st.
From 1 January 2022, except for extensions or changes in the implementation phase of the Budget Law for 2022, you will no longer be entitled to the concession in any way.
Green bonus 2021: what are the interventions that cannot be done
Said what is allowed to do to have the Green Bonus 2021 and the subsidy, let’s see now what instead it does not give the right to the facilitation and the Bonus. It is not valid, it does not lead to the deduction, as mentioned in the previous paragraph, a normal periodic mowing of the grass in your green area.
The actions that lead to the deduction do not even include the pruning of trees and plants. These two actions are not recognized because they basically do not have that extraordinary character of the event that is required by the spirit of the Bonus.
Non even interventions that are carried out by the owner of the property are also admissible. For example, those who go to a shop, buy materials and carry out work in person will not be entitled to the deduction.
There is no deduction even if maintenance is carried out on the turf which then provides for the use of a sporting character. For example, it does not facilitate the creation of a soccer field.
Green bonus 2021: what happens for works in condominiums?
We said that the measure is accessible both in private homes and in condominiums. The situation of private homes is obviously simpler, direct and immediate for an owner or tenant who decides to start this situation.
In condominiums, on the other hand, what happens? The law provides for two possible situations for those who want to arrange a green area. Even a single condominium can initiate an intervention of this type.
This person has to get the green light with one condominium resolution. In this case the person in question freely decides to face the costs of this intervention and then individually will also have the fiscal detraction.
There is also another possibility: in the condominium it was decided to start an intervention of this kind. Where present, it is then the task of the condominium administrator to carry out all the necessary practices by dividing expenses and then also deal with of the share of the various deductions.
The Bonus is eligible for both work related to a single real estate unit that also for the common parts.
Green Bonus 2021: there are important limitations in the presence of commercial activities
Important chapter deserve the buildings in which there are commercial activities present.
Be a property is for commercial use only for that property it is not allowed to start any activity and consequently access the deductions.
Different case for buildings in which both commercial activities with shops, offices, professional studios and residential units are housed. In this case the deduction is not prohibited. The Green Bonus can be activated, the intervention can be carried out but the figures are not full as reported for the cases seen above.
The deduction is then also granted if and only if the intended use of that building for private houses is at least equal to half of the total ones.
Green Bonus: how to access the deduction
After having seen what can and cannot be done, which types of interventions are admissible and which are not, in this last paragraph we see once the work has started what must be done to have the tax deduction recognized.
In the meantime, then, a peremptory obligation: i payments for the works must be made by December 31, 2021. And the jobs must be paid with traceable tools that make the payment made controllable. So go ahead for wire transfers, credit and debit cards and ATMs. Absolute prohibition of payment with cash. And with checks.
the eligible expenses must then be included in the tax return that everyone makes. The eligible expenses are those that were made in 2020 and those that occur this year with the deadline of 31 December 2021.
Final specification: if the house in question is sold, the shares are usually transferred to the new buyer. However, if the buyer is not interested, nothing prevents the fee and the deduction from remaining with the person who made the expense and intervention.
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Journalist, born in 1979.
I am a resident in the beautiful Este city of Ferrara. I graduated in Political Science from theBologna University, with administrative political address. I have been collaborating since 2003 with various print publications and with online newspapers in which I deal, in particular, with writing with a lot of versatility. I love to range from one theme to another and try my hand at various fields of writing: from news to politics, from economics to even sports. I can’t get enough of content to tell!
My motto is? “Life is like a tennis match”.
