Properties: In the making new extension of the tax deduction for renovations and after 2025

At the government table already there is a new extension on the discount tax For those owners who renovate the real estate them, according to top sources of the Ministry of Finance (Ministry of Finance) at newsit.gr.

Specifically, while by government confession, it is considered that an extension will be extended to 2025 as soon as a bonuses to the tax bonuses that are charged by property owners, if and if they proceed with renovations, the sources of the Ministry

The arrangement will come by legislative provision along with the 3 measures recently announced by the Prime Minister and the Financial Staff (Return Return, retirement and vulnerable, complementary RIP), which is expected in the near future.

Indeed, as the same sources say, the purpose of the financial staff is to extend, which will be given at the request of the owners themselves, to be announced early, so that the owners themselves can make their planning, as they had been relatively delayed by the taxpayer.

Now, however, the intention of the Ministry of Finance is for the legislative moves to be made in time so that they are all ready since April – May. Ministry sources, in fact, say that not only the government is considering extension for another year, but it could probably be included in the upcoming legislation. Everything, of course, in terms of extension for 2026, is still under consideration, and the extension for 2025 is given as it has been “closed”.

What does the discount measure provide for

According to the so far, and regardless of whether the government decides to extend the measure for 2026, with the expected legislative provision, it will apply that the taxpayers who will carry out during 2025 eligible repair costs or renovation will benefit up to EUR 3,200, up to EUR 3,200, up to EUR 3,200, and up to EUR 3,200. Tax deduction will be recorded in the clearances of 2026 to 2030.

This is because the deduction will be equal to these 5 tax years, while its final amount will be determined by the total amount of expenditure, while a “cut” is € 16,000, as this is the maximum spending limit.

Eligible expenditure is divided into services on the one hand such as thermalization, frame replacements,

New heating/cooling systems, offsetting photovoltaics, battery installation, solar water for hot water, mechanical ventilation and public lighting, or even in aesthetic and functional interventions, electrical, hydraulics, etc. On the other hand, the eligible costs are included in Batteries, accessories for facilities and colors.

It should be noted that the measure has not only its tax side, that is, the relief of property owners from tax burdens that are high in Greece, and which they have many times emphasized through their associations, but at the same time has the “tone” of a housing policy.

And this is because there are thousands of real estate, which are either just old houses coming from bequests and are in poor condition, or in general their owners do not have the financial means to renovate them. The government expects that by providing incentives for renovations and the necessary energy upgrades of old properties, residential reserve will increase and offering available houses on the market, thus throwing huge prices.

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