Buying a refurbished business is worthwhile! Restructuring bonus and bonus quake
The renovation bonus for those who buy a company-refurbished property that has carried out the recovery on the entire building has also been confirmed throughout 2020.
The bonus paid out through a 10-year tax credit is calculated at 50% (calculated on a lump sum of 25%) of the expenditure incurred for the purchase, in the limit of 96,000 euros which equates to a maximum of 48,000 euros per dwelling unit (e.g. 384,000-25% – 96,000 x50% – 48,000);
Conditions:
– validity on multiple real estate units;
– the possibility of deducting even before the act on figures paid in a down payment price against preliminary recorded.
In addition, this year Turin has re-entered seismic zone 3 and for structural interventions that foresee an improvement from a seismic point of view it can be deducted up to 85% of the expenditure incurred.
The bonus covers all properties of any land class and is calculated at 50% on a spending limit of 96,000 euros can be deducted in the 5 years following the intervention.