Requirements needed, what does it matter? What is new and who can request it
and how? All about the Bonus Furniture 2021.
With the 2021 Budget Law, the Bonus Furniture was confirmed for the second year in a row.
For 2021, a tax deduction of 50% of furniture and household appliances is also granted for those who started a renovation on a date not earlier than January 1, 2020.
The extension is however compared in the Budget Law to an increase in the spending limit on which the deduction can be calculated: this year, therefore, it goes from 10,000 to 16,000 euros.
The Revenue Agency has also published a guide to the furniture and appliances bonus updated in January 2021.
Now let’s review all the requirements, methods and amounts of the deduction provided for by the 2021 Bonus Furniture.
When to get it
Thanks to the extension of the furniture bonus, there is therefore the possibility of taking advantage of the 50% personal income tax deduction for the purchase of furniture and large appliances of a class not lower than A +, intended for the property undergoing renovation.
In order to take advantage of this facility it is essential to be involved in a building renovation, both on individual units residential real estate or common parts of buildings but always in the residential area.
How to get it
You will be able to have your deduction by indicating the expenses incurred in the tax return (form 730 or personal income model) and this activity will be the only responsibility of the taxpayer who benefits from the deduction for intervention and recovery costs of the building assets.
Another fundamental condition is the method of purchasing goods: to request the deduction it is necessary that all costs inherent in these purchases (therefore also assembly or transport costs) occur with:
- bank or postal transfer;
- debit / credit card or debit card: in this case the date of payment will be the one identified on the day of use of the card by the cardholder, not on the day of debiting the current account.
All modalities such as payments by bank check, cash or other means of payment are not eligible for the purpouse In the next article we will talk about the building interventions on which to take advantage of the deductions, the types of useful purchases and the necessary documentation.