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 on 16 October and is now being passed to the Senate.
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1. What do you need to know?
Therefore, starting from January 1st 2018, all citizens who will incur expenses for the arrangement of greenery and the recovery of historic greenery, will be able to benefit from a new tax deduction equal to 36%. The amount of the total deduction due, to be deducted from taxes, must be divided into 10 annual installments of equal amount and the expenses incurred must be paid via the so-called speaking bank transfer.2. 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 due to:
Gardens.
Terraces.
Even shared balconies.
Gardens of historical interest.
3. What garden, terrace and balcony works are included in the 2018 green bonus?
The expenses eligible for the 36% green bonus include:
The costs of redoing irrigation systems.
The cost of replacing a hedge.
The costs of major pruning.
The costs of supplying plants or shrubs.
The costs of requalifying lawns.
The costs of works and interventions for the transformation of an uncultivated area into flowerbeds and lawns.
