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02 February 2021
Taxpayers who benefit from the deduction for the restoration of the building stock can benefit from a further tax reduction for the purchase of furniture and large household appliances of energy class not less than A (A for the furnaces), for equipment for which an energy label is provided, for the purpose of furnishing buildings which are subject to renovation. The deduction, which must be divided among eligible persons in ten equal annual instalments, is due on expenses incurred from 1 January 2020 to 31 December 2021 and is calculated on a total amount not exceeding 16,000 euros.
It is possible that the expenditure on the purchase of furniture and large household appliances is incurred before the expenditure on the renovation of the building, provided that the renovation of the property for which the assets are intended has already begun. In other words, it is sufficient for the start date to be earlier than the date on which the costs of purchasing furniture and large household appliances are incurred; it is therefore not necessary for the costs of renovation to be incurred earlier than those of furnishing the dwelling.
The taxpayer who carries out renovation work on several real estate units will be entitled to the benefit several times. The maximum amount of EUR 16,000 must, in fact, relate to each housing unit undergoing renovation.