Restoration and renovations
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Restoration and renovations
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Inside Project offers consultancy in the restoration and renovation of residential, commercial, and industrial buildings, providing highly professional and qualified services.
Building renovation and home renovation
We have been working in the fields of architecture and interior design since 2005. Our firm’s mission is to propose restoration and renovation projects, including ordinary and extraordinary maintenance, restoration, and conservative rehabilitation, on residential, industrial, or commercial buildings, tailored to each client’s needs.
We employ the best professionals to offer restoration services for public administrations, industrial sites, and private individuals, along with interior design, interior and exterior rendering, and lighting design. We specialize in renovation and interior design, as well as the design and restoration of private, historic, and monumental buildings.
We guarantee our clients the support of creative, professional, and detail-oriented interior designers. A solid team manages the entire design process. Each decision is evaluated in collaboration with the client, with the goal of finding the best solutions together.
We understand that renovating an existing building involves many constraints that often impede the client’s needs.
It is precisely in this area that ideas can make a difference and deliver significant added value, so intangible in theory (the design) but immense in practice (the finished work).
Building recovery and deduction for renovation
In addition to the technical aspects, we also handle the bureaucratic aspects. Expenses incurred for building renovations (e.g., renovations, restoration, and redevelopment) on an apartment or house are eligible for a tax deduction. We guide clients through the correct procedure to obtain this tax benefit.
The deduction is 50% for work completed by December 31, 2020. The amount is deducted over ten years. The following are eligible for the deduction:
routine maintenance on common areas of condominiums
extraordinary maintenance
restoration and conservative renovation
building renovation
The following expenses are eligible for the deduction:
work planning and other services provided by professionals, required by the project
purchase of materials and services
appraisals, inspections, and compliance reports
urbanization costs
energy efficiency upgrade expenses (which can benefit from an additional 65% deduction)
VAT, stamp duty, and other taxes
The so-called “Relaunch Decree” (Legislative Decree no. 34 of May 19, 2020), finally published in the Official Journal, contains a series of measures aimed at encouraging the economic recovery and offering concrete support to workers and families in difficulty.
The tax deduction is 110% for building renovations, energy efficiency or earthquake-proofing improvements, facade renovations, solar or photovoltaic systems, and the installation of electric vehicle charging stations. Both the invoice discount and the credit transfer are available.
Only work carried out between July 1, 2020 and December 31, 2021, will be eligible for the aforementioned deduction.
Instead of the deduction, two different options are available:
Invoice discount
Cessation of credit
In the first case, the amount corresponding to the applicable deduction can be deducted from the fee owed to the person who performed the work.
The service provider can, in turn, recover the amount by applying a tax credit.
In the second case, the amount can be converted into a tax credit, which can be transferred to others, including credit institutions or financial intermediaries.
I know with absolute certainty that I possess no special talent; curiosity, obsession, and stubborn resistance, combined with self-criticism, led me to my ideas. (Albert Einstein)