The Furniture Bonus represents an excellent opportunity for those renovating their home and wanting to change furniture and appliances. Let’s see how to renovate the house using this bonus, how to request it, and what documents to submit to access the provided tax benefits.
What is the 2023 Furniture Bonus?
The 2023 Furniture Bonus is an IRPEF deduction dedicated to the purchase of furniture and large appliances for a property under renovation. Any transport and assembly costs should also be included in the deductible expenses. The deduction will be divided into ten annual installments of equal amount. The deduction will be calculated on a maximum ceiling of €8,000 for the year 2023. The deduction will remain available until 2024, but the maximum spending ceiling will be reduced to €5,000 in the next year.
What are the Necessary Building Interventions to Access the 2023 Furniture Bonus?
To access the 2023 Furniture Bonus, you need to carry out these types of building interventions:
- Extraordinary maintenance, restoration and conservative renovation, building renovation on individual apartments. Ordinary maintenance work on individual residential units, such as wall painting, floor replacement, or replacement of external fixtures, do not give access to the bonus;
- Ordinary maintenance, extraordinary maintenance, restoration and conservative renovation, building renovation on common areas of residential buildings;
- Building renovation, restoration and conservative renovation of entire buildings, carried out by companies and cooperatives, which will sell or assign the property within 18 months from the end of the works;
- Restoration, or reconstruction, of a property damaged by natural disasters, where a state of emergency has been declared;
How to Obtain the 2023 Furniture Bonus
This bonus is directly connected to renovation works, consequently the start date of the renovation works must precede the date of purchase of furniture and appliances. However, it is not necessary for the renovation expenses to be actually incurred before the expenses for furnishing the property under renovation.
The 50% deduction will be obtained by indicating the expenses incurred at the time of tax declaration. This will be done by filling out the 730 form, or the Personal Income Tax form of the taxpayer who benefits from the deduction for the expenses of the renovation intervention.
Which Purchases are Included in the Furniture and Appliances Bonus
The Furniture and Appliances Bonus is reserved for the purchase of new furniture and large appliances, of class not lower than A for ovens, E for dishwashers, washing machines and washer-dryers, F for freezers and refrigerators. This applies to large appliances for which energy labeling is required.
It’s important to note that the deduction is also available when the purchased goods will be used to furnish an environment other than the one being renovated. However, in case of renovating common areas such as the porter’s apartment or communal laundry rooms, the condominium owners can access the deduction, each directly for their own share, only for goods purchased to furnish the areas being renovated. In this context, you are not entitled to this benefit if you purchase furniture for your private home.
How to Make Payments to Access the 2023 Furniture Bonus
To obtain the deduction of the 2023 Furniture Bonus, payments must be made by bank transfer, or by credit or debit card. Payments by bank checks, cash, or other payment methods are not allowed. Goods can also be purchased through installment financing, provided that the company providing the financing pays following the indicated methods and the taxpayer keeps a copy of the payment receipt. In this case, the year of expense incurrence will correspond to the year in which the finance company makes the payment. The same methods must also be followed for the payment of transport and assembly costs of the purchased products.
Which Documents to Keep for Accessing the 2023 Furniture Bonus
To access the 2023 Furniture Bonus, it will not be enough to just execute payments correctly, but also to keep all the related documentation, namely:
- The receipt of bank transfers;
- The receipt of completed transaction for all payments made with credit or debit cards;
- Purchase invoices of the goods, indicating the nature, quantity, and quality of the purchases;
- The account statement showing the debit;
Making the ENEA Communication for the 2023 Furniture Bonus
To benefit from the bonus, you will need to communicate to ENEA the data on expenses incurred within 90 days from the end of the works. However, not all purchases require communication. The expenses to be communicated to ENEA concern the purchase of:
- Dishwashers
- Refrigerators
- Ovens
- Washing machines
- Electric cooktops
- Washer-dryers
Are you thinking of renovating your home and would like to modernize the environments, with new furniture and appliances with greater energy efficiency? Would you like to take advantage of the various
