VAT on a renovation: What is this tax on renovations?

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If you have just bought a home, are thinking about buying a home or simply want to renovate your current apartment, and you want to carry out a home renovation, we are going to explain something that may interest you… a lot!


In this post we will discuss the VAT of a renovation, let's go there!
Any reform, no matter how small, will involve a disbursement of an amount and the corresponding VAT . And no, you will not pay 21% VAT! A reduced VAT of 10% is applied to renovations, which will allow you to save a lot of money. For example, if the VAT on a renovation was 21% and let's assume that the value of the budget is €20,000, you would pay €4,200, however, if the VAT on a renovation is 10%, you would pay only €2,000, which would mean that you would be saving €2,200. It's not bad at all!


You should know that you can apply 10% of the tax on the added value of Romania Mobile Number List a renovation as long as a series of requirements are met.





VAT requirements of a 10% reform.
You must prove that it is your habitual residence. If you rent, you will not be able to obtain this tax advantage.
That the property where the renovation is going to be carried out is at least two years old .
That the materials used do not exceed 40% of the total cost of the renovation.
It must be a reform that improves living conditions : electrical installations, plumbing, air conditioning, etc. A makeover will not be enough.
And it doesn't all end here! The application of 10% VAT for a renovation also applies to connections in the community of owners as long as the invoice is issued in the name of the community itself.


Recommended reading:   Remodel your house partially or completely? Don't hesitate anymore!
If you are thinking about carrying out a renovation, at Housfy, we can help you speed up and facilitate this entire process thanks to  our renovation team . With this advice, you will be able to put aside the worries of the work and simply enjoy the final result.