tax concessions
The information contained in this page refers to Italy and is provided for informative purposes. Your tax expert will be able to give you up-to-date and more suitable information for your specific situation!
Doing home renovations is, as we know, costly. The good news is that Italian legislation offers tax concessions for those who decide to renovate their home.
Thanks to deductions for building work you can install a Warmset underfloor heating system with significant savings.
You can recover 50% of the costs of installing Warmset electric underfloor heating.. The amount will be paid directly into your current account, in ten instalments (Article 16-bis of the Consolidation Act on Income tax and Presidential Decree 917/1986 and Article 1, par. 37 of Budget Law no. 234 of 30 December 2021 for 2022). However, an extraordinary construction work start up notification must be filed with the Council in whose territory the building being renovated is located.
It is also possible to recover 65% of the amount spent for the temperature control unit, if it also has a home automation function: in this way it comes under the regulations concerning building automation.
The last, but not least important, fiscal advantage for those purchasing a Warmset electric underfloor heating system is the possibility of subsidized VAT. In the case of renovations, it is possible to pay VAT at a rate of 10%, while if it is a new building VAT is 4%.