Restructuring bonus and taxpayer without incomeA taxpayer turned to the Agency explaining that, having no income, last year he did not submit the 730 form and was unable to take advantage of the first installment of the deduction for building renovation costs carried out on his home in 2019.
The taxpayer asked whether for subsequent years he can request the deduction and, if so, whether in the 730 form he must indicate the unused installment or the one corresponding to the year of declaration.
Restructuring bonus for the remaining installmentsThe Revenue Agency explained that the taxpayer who, due to inability, was unable to take advantage of the deduction provided for the restoration of the building heritage in previous tax periods, for which all the conditions for having it existed, can request in subsequent years the facility, indicating in the tax return (form 730 or income form Pf) the number of the corresponding installment.
In the case examined, in which the expenses were incurred in 2019, if the taxpayer presents form 730 for the 2020 tax period, he can apply for the second installment of deduction, indicating the number of the installment (2) in the corresponding box (column 8) of line E41.
Source: Le ultime news dal mondo dell'edilizia by www.edilportale.com.
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