The removal of asbestos from buildings is a process of fundamental importance for common well-being and environmental safety. We often hear about asbestos bonus, but what is it? Really exists? In reality it means a benefit that encourages private individuals to remove and remove asbestos disposal from real estate, making the expenses of these activities deductible in 730. Doing so not only protects people’s health, but improves the safety and value of properties.
Is asbestos removal deductible?
The costs for the removal and replacement of asbestos can be deducted, as established by the art. 16-bis, paragraph 1, letter. l of the TUIR. Thanks to the so-called asbestos removal bonus for private individuals it is possible to deduct the costs for removing asbestos from their homes. Asbestos removal interventions can be facilitated regardless of the building category. The deduction is granted even without recovery interventions on the building heritage.
A series of incentives have been made available for asbestos remediation interventions on individual real estate units and common parts of residential buildings for which it is possible deduct 50% of expenses incurred for asbestos remediation work, without the need for a larger building renovation intervention. Furthermore, it is possible also deduct the costs incurred for transport of asbestos in landfill carried out by specialized companies.
Pay attention, however, to the deadlines: the benefit is valid until 31 December 2024, unless further extensions. The deduction is calculated on a maximum spending limit of 96,000 euros per real estate unit.
How to obtain the asbestos removal bonus for private individuals
According to what was reported by the Revenue Agency on the tax deduction for the removal of asbestos, for get the asbestos bonus must be carried out removal and replacement interventions of asbestos, both on individual real estate units and on common parts of residential buildings. These interventions are in fact facilitated and eligible expenses they also include the transport of asbestos to landfill by specialized companies.
The benefit can be used without the need for a larger building renovation project. The deduction is calculated on a maximum spending limit of 96,000 euros per real estate unit and the bonus can be used as an Irpef deduction in ten annual installments of the same amount.
The Revenue Agency has clarified that asbestos abatement interventions can be facilitated regardless of the building category of the property. The deduction is available even if a recovery intervention on the building heritage is not carried out.
The interventions must comply with current building regulations and must be carried out by specialized companies. In the presence of all necessary documentationsuch as certifications of the work carried out and documents attesting to the correct disposal of asbestos, it is possible to enjoy the asbestos bonus.
How to deduct asbestos disposal?
There Irpef deduction it can be used for 50% of the costs for the removal, transport and disposal of asbestos, both for individual real estate units and for common parts of residential buildings. This should incentivize private individuals to act in environmental well-being and to proceed with the removal of asbestos, an extremely toxic material, from buildings.
In order to proceed with the procedure it is necessary to keep all the information documentation relating to the workswith invoices and receipts for payment made by bank transfer, which must indicate the reason for the payment, the tax code of the beneficiary and the tax code or VAT number of the recipient.
The expenses incurred will be entered in the phase of filling out the tax return. The deduction will be divided into ten annual installments of the same amount, calculated on a maximum of 96,000 euros. It should be remembered that the bonus is valid until December 31, 2024. After this date, the deduction rate will drop to 36% with a spending limit of 48,000 euros.
If you have any doubts, you can consult a tax professional to complete the procedure correctly and maximize the benefits of the asbestos bonus.
