In December 2023 the Italian government has approved the Italian Budget Law (Legge di Bilancio) for 2024. Lots of property related tax incentives, which were valid in 2023, have been reconfirmed for 2024. If you are a taxpayer in Italy, now is the time to start those home improvement jobs or renovations on your property, that you have been putting off. Most of these tax credits are to be used over the next 10 years, and in case you sell your house, the tax credit balance (for some types of incentives) can be transferred to the new owner. Let’s have a look at the different property related tax incentives.
Bonus Casa (Renovation bonus)
All taxpayers who are subject to personal income tax (IRPEF), or those who are residing in Italy, are entitled to the Renovation bonus, for renovation expenses incurred in 2024. The right to this tax credit is not limited to the owners only. Family members, who live with the owner, can also opt for this tax credit, if they hold the invoices and bank transfers related to the renovation work.
Those who renovate a property can take advantage of an IRPEF deduction of 50% with a maximum spending limit of 96,000 euro per real estate unit. The deduction is divided into 10 annual instalments of the same amount. The first instalment can be deducted in the year in which the expenditure was incurred.
Those who renovate a property can take advantage of an IRPEF deduction of 50% with a maximum spending limit of 96,000 euro per real estate unit. The deduction is divided into 10 annual instalments of the same amount. The first instalment can be deducted in the year in which the expenditure was incurred.
Ecobonus
Ecobonus is an income tax credit (IRPEF) for expenses incurred for the energy efficiency of your home in 2024. The deduction of the Ecobonus is valid for both residents and non-residents. The tax credit is spread over a period of 10 years with a maximum spending limit of 30,000 to 100,000 euro, depending on the type of intervention. You are entitled to a different percentage of Ecobonus tax deduction, again depending on the type of intervention. If you sell your home, the remaining tax credit has to be transferred to the new owner.
The following interventions qualify for 50% tax credit: doors and windows, solar shading, biomass boilers and class A condensation boilers.
These interventions qualify for 65% tax credit: total energy requalification of the building, advanced thermal adaptation system, hot air heaters with condensation technology, heat pumps, heat pump water heaters, building envelope insulation, solar thermal collectors, stand-alone power system, micro-CHP.
The following interventions qualify for 50% tax credit: doors and windows, solar shading, biomass boilers and class A condensation boilers.
These interventions qualify for 65% tax credit: total energy requalification of the building, advanced thermal adaptation system, hot air heaters with condensation technology, heat pumps, heat pump water heaters, building envelope insulation, solar thermal collectors, stand-alone power system, micro-CHP.
Superbonus
This incentive has existed since 2021. From 2021 to 2023, this bonus was worth 110%. The conditions of this Super Bonus were quite complex and the assistance of an architect or geometra and/or a tax advisor to assess the feasibility of the project was absolutely necessary. The Superbonus premiums were gradually reduced to 70% in 2024 and 65% in 2025. The Superbonus only applies to projects started before 31 December 2023.
Sismabonus (Seismic Bonus)
The Sismabonus is an income tax credit for expenses incurred for seismic security interventions on buildings which are situated in high-risk areas (zone 1 and 2) and since 2019 also in zone 3. The deduction of the Sismabonus is valid for costs incurred from 1 January 2017 until 31 December 2025. You are entitled to a tax deduction of 50% of the expenses if the interventions carried out lead to a reduction of one seismic design category.
The Sismabonus has a maximum spending limit of 96,000 euro per real estate unit and must be divided into five annual instalments of the same amount. The first instalment can be deducted in the year in which the expenditure was incurred.
The Sismabonus has a maximum spending limit of 96,000 euro per real estate unit and must be divided into five annual instalments of the same amount. The first instalment can be deducted in the year in which the expenditure was incurred.
Bonus Facciate (Facades bonus)
This bonus was available form 2020 tot 2023, but it has not been renewed for 2024.
* For the Superbonus, the Seismic bonus, the Ecobonus and the Renovation bonus, there were two interesting alternatives to benefit from the tax credit. First there was the possibility to transfer the tax credit to other intermediaries. The second alternative was getting a discount on the invoice of the amount due to suppliers who have carried out the interventions, and who, in turn, can recover the discount in the form of a tax credit. These alternatives are no longer available.
Bonus Verde (Green bonus)
The green bonus was introduced in 2018 and has been reconfirmed for 2024. This bonus allows you to deduct 36% of the costs incurred for the care, renovation and irrigation of private green areas in 2024. In detail, the interventions for which you can take advantage of the Green bonus are: arrangement of private green spaces of existing buildings, fencing, irrigation systems and construction of wells, green roofs and hanging gardens.
The tax credit is spread over a period of 10 years with a maximum spending limit of 5,000 euro per property (max. 1,800 euro tax reduction). This right to tax credit is not limited to the owners only, but also family members, who live together with the owner. They can opt for this tax credit, if they hold the invoices and bank transfers related to the expenditure.
The tax credit is spread over a period of 10 years with a maximum spending limit of 5,000 euro per property (max. 1,800 euro tax reduction). This right to tax credit is not limited to the owners only, but also family members, who live together with the owner. They can opt for this tax credit, if they hold the invoices and bank transfers related to the expenditure.
Bonus Mobili e Elettrodomestici (furniture and home appliances bonus)
The furniture and home appliances bonus consists of a 50% tax reduction on a maximum expenditure of 10,000 euro for the purchase of furniture and class A+ home appliances (class A for ovens) in 2024. The bonus is divided into 10 equal instalments. The first instalment can be deducted in the year in which the expenditure was incurred.
The tax reduction, which applies for the purchase of furniture and appliances for the house which is being renovated. Your purchases have to be paid for by bank transfer or by credit card.
You can take advantage of the furniture and home appliances bonus for the purchase of ovens (energy rating A) and appliances with energy rating A+ like refrigerators, freezers, washing machines, tumble dryers, dishwashers and cooking hobs. Televisions are excluded.
The tax reduction, which applies for the purchase of furniture and appliances for the house which is being renovated. Your purchases have to be paid for by bank transfer or by credit card.
You can take advantage of the furniture and home appliances bonus for the purchase of ovens (energy rating A) and appliances with energy rating A+ like refrigerators, freezers, washing machines, tumble dryers, dishwashers and cooking hobs. Televisions are excluded.
NEW since 2024
Bonus Architectural Barriers
This bonus can only be applied to the implementation of interventions involving stairs, ramps, lifts, stair lifts and lifting platforms and the bonus is limited to existing buildings. The premium is worth 75% of the expenses for removing architectural barriers.
For most bonuses, maximum spending limits apply and all invoices must be paid by bank transfer or credit card.
It is recommended that you read the conditions of each bonus carefully before you engage a builder to do the renovation work on your home.
