Bonus for works on building facades

11 January 2020

The "Facade Bonus" has been included in the Budget Law 2020, which consists in the possibility of deducting 90% of the expense for those who carry out renovations of the exterior of a building.

This rule should encourage owners of historic and prestigious properties, as well as owners of villas and buildings, to renovate the facades of their properties. Many cities on Lake Maggiore, thanks to this measure, could return to shine with beauty and elegance, as well as prestigious properties for sale.

Particularly interesting, there are two salient points of this facility, since there is no spending limit of 96 thousand euros per real estate unit in addition to the opportunity to access the tax discount even in the case of ordinary maintenance works.

Therefore, even the whitewashing of the external walls of a building can also benefit from the deduction.

The facade bonus, therefore, also brings advantages for the construction of the external thermal coat or the ventilated facade, which improve the comfort of the period villas and improve energy efficiency

The deduction also applies to works carried out on buildings, condominiums, villas and small villas.

The deduction is distributed over a 10-year period, as is the case with other existing bonuses.

Our real estate agency Stresa Luxury Real Estate, is able to provide you with the necessary advice, through its professionals, to carry out these interventions.

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