On the subject of professional services it’s useful to know how the 50% deduction works for building heritage recovery interventions. The tax authorities clarify this. The expenses for the surveyor are in fact deductible in 730. But it is important to know which rules must be respected in order to benefit from this possibility. So let’s see what was specified in response to a question posed by a taxpayer.
TO Tax Todaythe online magazine of the Revenue Agency, was asked: “In the case of extraordinary maintenance works on a condominium property for residential use, the fee paid to the surveyor for the drafting of the Certified Commencement Notice (CILA) presented to the Municipality , as safety coordinator during the planning and execution of the works and as works manager, can it be deducted from 730 to 50%?”.
In providing its response, the IRS clarified that the fees paid to professionalseven before the start of the works, for the design and the other professional services required by the type of building interventions to be carried out are among the deductible expenses incurred for the recovery of the building heritage.
Green light, therefore, to deduction of expenses for professional services linked to the recovery interventions of the building heritage. And the green light is also given to the deduction for expenses incurred for the payment of taxes (VAT and stamp duty) and the fees due for the issuing of concessions, authorizations and for the declaration of the start of works.
However, the IRS has specified that in order to be able to deduct these expenses it is necessary to have carried out the required obligations and be in possession of the relevant documentation (identified by the provision of the Director of the Revenue Agency of 2 November 2011). Documentation that must be kept and exhibited upon request of the offices.
Please note that professional expenses related to home renovation work deductible at a rate of 50% concern:
- costs of design and related professional services, including professional fees;
- the costs for the services requested for the specific intervention;
- the costs of adapting the home systems to regulations;
- the fees related to the compliance report of the works;
- expenses for appraisals and inspections.
In the 730 you must complete Table E “Charges and expenses”, in Section III A – (lines from E41 to E43): expenses for which the tax deduction is due for the recovery of the building heritage and for anti-seismic measures.
