Published by carratelli4 years ago

For garages, a 50% IRPEF tax deduction is available. In addition to existing garages, the tax relief can also be applied to new construction and the purchase of...

For garages, you can take advantage of a 50% IRPEF tax deduction. In addition to applying to existing garages, the tax relief can also be used for new construction and purchases. 

 

The bonus can be obtained for:

  • - repairs and replacements of parts with characteristics different from the pre-existing ones or new construction of garages or appurtenant parking spaces, even in common ownership 
  •  purchase of newly built garages or appurtenant parking spaces.

The maximum deductible amount is €96,000 per real estate unit.

 

 What are the requirements to be eligible for this benefit?

  • -it can be an underground or above ground garage
  • -it could be a garage
  • -they can be covered or uncovered parking spaces
  • -it can be a shelter or a canopy
  • -Parking spaces can be individually or jointly owned.
  • -It is essential that there is a connection of pertinence with the dwelling.
  •  

How do you obtain the pertinence constraint?

in case of renovation, the pertinence constraint must be shown in the property deed 

in case of new construction, from the Building Permit 

In case of purchase, the garage must be made appurtenant through a notarial deed. 

Regarding appurtenance, the garage and the home do not need to be physically adjacent. Therefore, the garage can also be located on a different plot of land than the home. It's important to know that the bonus can also be requested for multiple garages in a single home or for garages belonging to multiple homes. 

 

When is it possible to take advantage of the 50% tax deduction?

  • -On extraordinary maintenance interventions
  • -For work on structural parts
  • -For a new construction, only for the part corresponding to its construction cost, not for the entire amount paid
  • -For recovery interventions
  • -the benefit is also valid when the purchase of the garage is made at the same time as that of the house
  •  

When is it not possible to take advantage of the 50% tax deduction? 

  • -routine maintenance interventions
  • -painting or replacing the garage door with another of the same type
  •  

How can you take advantage of the 50% tax deduction? 

the following must be indicated cadastral references in the tax return 

Payment must be made exclusively by wire transfer bank or postal 

If the bank transfer is made in a different manner, the benefit will not be lost.

Carratelli

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