The 2018 Green Bonus for gardens, terraces and balconies is the new tax deduction introduced with the new 2018 Budget Law, the text of which was approved by the Council of Ministers last 16 October and now passes to the Senate.
Starting from 1 January 2018, therefore, all citizens who incur costs for landscaping and recovering historic greenery will be able to benefit from a new tax deduction of 36%. The amount of the total deduction due, to be discharged from taxes, must be divided into 10 annual installments of the same amount and the expenses incurred must be paid through the so-called. talking bank transfer.
Based on the latest news, the green bonus is not for the person but for the house, therefore, if you have two properties on which to carry out interventions that can be facilitated with the new bonus, it is possible to add the two deductions, thus arriving for each house, at deduct 36% of 5,000 euros.
This means that if they incur expenses eligible for the bonus, I am entitled to benefit from a 36% Irpef discount on the total expenses incurred, for a maximum expense of 5,000 euros.
In practice, if in January 2018 or in another month of the year, I decide to fix my garden by installing an irrigation system and spend 3,000 euros, they can deduct exactly 36% of 3,000 euros from my taxes, i.e. 1,080 euros in 10 years .
When is the 36% urban green bonus due?
In the case of works and interventions for the arrangement and recovery of the greenery of any real estate unit including condominiums and uncovered areas of historical interest, it is the responsibility of:
- gardens;
- terraces;
- balconies, including condominium ones;
- gardens of historical interest;
What garden, terrace and balcony works are included in the 2018 green bonus?
The expenses that can be facilitated with the 36% green bonus include:
- expenses for the renovation of irrigation systems;
- the costs of replacing a hedge;
- the costs of major pruning;
- expenses for the supply of plants or shrubs;
- lawn redevelopment costs;
- expenses for works and interventions for the transformation of an uncultivated area into flowerbeds and lawns.
