MiBACT launches Bonus Facades: 90 percent tax credit for those who renovate building facades

The Budget Law 2020 already contains a measure in favor of cultural heritage (and not only), which could be considered as the first measure of the second MiBACT targato Dario Franceschini: it is the so-called "Bonus Facciate," which was introduced in the Budget Law precisely by the Minister of Cultural Heritage Franceschini in order to boost investments for the restoration and recovery of the facades of buildings, palaces, condominiums.

The new measure has a precedent in France, the so-called “Loi Malraux,” enacted in the 1960s with the same purposes: the “Bonus Facades” will act in the same way, guaranteeing a tax credit for those who decide to restore, in 2020, the facade of their building. The tax credit will be 90 percent. The idea is to focus investments in the next year on renovating the facades of historic and modern buildings and palaces, and to boost the care of buildings, redevelopment of the building stock and energy savings. From the ministry they also estimate that the Facade Bonus will have immediate effects on construction employment, urban decorum and tax revenues.

“A courageous norm,” commented Minister Franceschini writing on Twitter, “that will make Italian cities more beautiful,” whether we are talking about historic centers or suburbs, large cities or small towns.

MiBACT launches Bonus Facades: 90 percent tax credit for those who renovate building facades

Warning: the translation into English of the original Italian article was created using automatic tools. We undertake to review all articles, but we do not guarantee the total absence of inaccuracies in the translation due to the program. You can find the original by clicking on the ITA button. If you find any mistake,please contact us.