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from Rossella Calabrese

The purchase date of the furniture and large appliances must be after the start of the renovation works

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26/07/2021 – “I opened the Cila practice to renovate the apartment I owned at the beginning of 2020. Later, I bought the furniture by paying a deposit of 5,000 euros by speaking transfer and, subsequently, the balance of 8,500 EUR. The sum of the invoices exceeds the maximum limit set for the deduction. How should I enter them in the tax return? “

This question was addressed to Posta di FiscoOggi, the Revenue Agency magazine.

The Agency replies by stressing first of all that it is not clear in the question when the goods intended for furnishing were purchased of the renovated apartment, nor is the type of goods purchased and the start date of the renovation work specified.

In any case – continues the reply -, assuming that goods have been purchased for which one is entitled to the deduction and that both payments took place in 2020 (when the maximum deductible expense limit was 10,000 euros), the taxpayer must indicate in the income tax return (in line E57 – column 2 “Expenditure on immovable furniture” – of form 730, or in line RP57 if filling in the Income Pf form) the maximum admissible amount of 10,000 euros.

Finally, the Agency reminds that, in order to legitimately request the deduction, the date of commencement of the renovations must be earlier than the one on which furniture and large appliances are purchased. It is not essential, however, that the renovation costs are incurred before those for furnishing the building.

Source: Le ultime news dal mondo dell'edilizia by

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