The TUIR ( Consolidated Income Tax Act, Presidential Decree 917/1986, art. 16-bis) grants a 36% deduction of documented expenses, for a total ceiling of € 48,000 per property unit, incurred by taxpayers who own or hold, on the basis of a suitable title, the property subject to the renovation works governed therein.
The tax relief, deductible over 10 years, has been temporarily increased to 50% until 31 December 2024.
The maximum expenditure ceiling is € 96,000, (referring to the single property unit).
From 1 January 2025, unless further extensions are granted, the allowance will return to 36% on a maximum amount of € 48.000.