What is Meant by the 50% Renovation Bonus?

The Renovation Bonus is a 50% tax deduction on IRPEF intended for anyone carrying out ordinary and extraordinary maintenance work, building renovations, restoration, and conservative rehabilitation on individual housing units or condominium buildings.

The 50% deduction is applicable to all expenses incurred up to a maximum ceiling of €96,000 for each renovated property unit, or for each condominium. The amount to be deducted will be divided into 10 annual installments of the same amount.

The 50% Renovation Bonus can be requested at the time of the tax return, documenting all expenses incurred through bank transfer, invoices, and tax receipts.