BONUS EARTHQUAKE

WHAT IS THAT'?

Taxpayers who carry out interventions for the adoption of anti-seismic measures on buildings can deduct a part of the expenses incurred from income taxes. The deduction can be requested for the sums spent during the year and can be sold if related to interventions carried out on common parts of condominium buildings. The deduction percentage and the rules for using it are different depending on the year in which the shopping is made. Higher deductions are granted when the implementation of the interventions results in a reduction of the seismic risk.

WHO CARES

The facility is aimed at both taxpayers subject to personal income tax (Irpef) and taxpayers of corporate income tax (Ires). Since 2017, interventions can be carried out on all residential buildings and on those used for production activities, located both in high-risk seismic areas (zones 1 and 2) and in lower-risk seismic areas (seismic zone 3), identified by the order of the President of the Council of Ministers no. 3274 of March 20, 2003.

WHAT ADVANTAGES

For expenses incurred from 1 January 2017 to 31 December 2021, a deduction of 50% is due, which must be calculated on a maximum amount of 96,000 euros per property unit (for each year) and which must be divided into five equal annual installments. The deduction is higher (70 or 80%) when the implementation of the interventions results in a reduction of the seismic risk of 1 or 2 classes and when the works have been carried out on the common parts of condominium buildings (80 or 85%).

Finally, anyone who buys a property in a demolished and rebuilt building in the municipalities in areas classified as "seismic risk 1", can deduct a substantial part of the purchase price from taxes (75 or 85%, up to a maximum of 96,000 euros).

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