2019 Furniture Bonus
A guide on how to navigate to take advantage of the tax benefits on furniture and appliances
Here's how it works
Those who have furniture and appliances purchases to make should hurry up and do so by the end of the year. Indeed, officially, there is time until December 31, 2019, to take advantage of the furniture bonus. It should also be noted that in the 2020 budget law, an extension of tax deductions for home interventions may be included, but as for furniture and appliances, everything is still silent.
WHAT IS THE FURNITURE BONUS?
It is an income tax deduction for the purchase of furniture and large household appliances with a minimum energy efficiency class of A+ (A for ovens), intended to furnish a renovated property. Regardless of the amount spent on renovation works, you can benefit from a 50% deduction calculated on a maximum amount of 10,000 euros, referring to the total expenses incurred for the purchase of furniture and large household appliances (including any transport and assembly costs).
WHO CAN APPLY FOR THE BENEFIT
The benefit can only be requested by those carrying out a renovation intervention on a building started no earlier than January 1st, 2018. For purchases made in 2018, however, the deduction can only be claimed if the renovation intervention started no earlier than January 1st, 2017. Additionally, the taxpayer who carries out renovation works on multiple properties will be entitled to the benefit multiple times. The maximum amount of 10,000 euros must be referred to each residential unit undergoing renovation.
What purchases are eligible for the 2019 Furniture Bonus
Eligible furniture purchases under the Furniture Bonus 2019 include beds, wardrobes, dressers, bookcases, desks, tables, chairs, bedside tables, sofas, armchairs, sideboards, as well as mattresses and lighting fixtures that are necessary to complete the furnishing of the renovated property. Not eligible are purchases of doors, flooring (such as parquet), curtains and draperies, as well as other furnishing accessories. Regarding large household appliances, the regulation limits the benefit to the purchase of types equipped with an energy label of class A+ or higher, A or higher for ovens, if an energy label is mandatory for those types. The purchase of large household appliances without an energy label is eligible only if an energy label obligation for that type is not yet in place.
For example, among large household appliances, the following are included:
Refrigerators, freezers, washing machines, dryers, dishwashers, cooking appliances, electric stoves, electric hotplates, microwave ovens, electric heating appliances, electric radiators, electric fans, and air conditioning units are included among large household appliances. The expenses incurred for the purchase of furniture and large household appliances may also include transportation and assembly costs of the purchased goods, provided that such expenses are paid using the required methods to benefit from the tax deduction (bank transfer, credit or debit cards). The renovation of common areas in condominium buildings allows individual condo owners (who benefit proportionally from the related deduction) to deduct the expenses incurred for purchasing furnishings for common areas, such as caretaker's lodges, but does not allow them to deduct expenses for the purchase of furniture and large household appliances for their own individual unit.
