Phrases To Congrulate New Born

The deduction for rehabilitation of housing up to 20% and extends to second homes

The Government will increase from 10% to 20% income tax deduction for rehabilitation housing, which also extend to second homes, as announced on Wednesday the executive vice president, Alfredo Perez Rubalcaba.


In the press conference after the Council of Ministers, Rubalcaba said that this measure seeks to promote job creation and improve the English housing stock in areas such as energy efficiency. He noted that, since the modification of a decree-law, the measure will be included in the decree-law on the employment plan outcrop that the Government plans to pass in the Council of Ministers of April 29.
also stressed that the unions believe that this is a good initiative to create jobs, and noted that the rehabilitation of homes "benefits everyone", so it is necessary to "give a push." The deduction for improvement works in the residence was established under the Legislative Decree of measures to boost economic recovery, resulting Zurbano Pact between the Government and social partners, and involved a reduction of 10% of amounts invested works and repairs to an annual ceiling of $ 4,000 per taxpayer.


could apply the full deduction taxpayers with a taxable income of less than 33,007 euros, a threshold that now extends to EUR 53,007.20, as recorded in the reference of the Council of Ministers. These reductions will lower gradually as a function of the tax base of taxpayers, to reach 71,007.20 euros, the new top to benefit from this stimulus.
Until December 2012
The reform also increases the maximum annual deduction base, which rose from 4,000 euros to 6750 euros, which, according to the Executive, means the maximum annual deduction that can benefit a taxpayer will be 1,350 euros. In addition, increases multi-year maximum deductible limit the volume of the work of 12,000 to 20,000 euros.


This measure will apply only to works made until December 31, 2012, and may be carried out in second homes, including those offered for rent - with the exception that they are not related economic activities of the taxpayer.


These works should be targeted at improving energy efficiency and water use, access to housing and infrastructure installation of Internet access or digital terrestrial television (DTT) and to enjoy the income tax deduction will need to submit a detailed invoice with all legal requirements. The payment methods are limited to cards or wire transfers, checks or income into account, as no cash payments accepted.





Source: 20minutos.es