2019 Tax Deductions for the Installation of Alarm Systems

The tax deductions for burglar alarms have also been extended for 2019. The security package, of the 2016 Stability Law, had introduced them to promote the security of citizens who decided to carry out interventions to defend themselves against thieves and threats of theft, aggression, acts of vandalism...

If you have always postponed the installation of a security system for fear of costs, you can take advantage of this opportunity.

2019 Security Bonus Specifications

The tax deduction can be requested and an Personal Income Tax reimbursement of 50% of the sustained expense can be obtained, up to a maximum of 96,000 Dollars.

The tax deduction for anti- theft devices can be requested for works performed by 31 December 2019 , but is not limited to burglar alarm systems in Chicago only. It also applies if opening detectors, video surveillance systems, erasers; gratings have been installed ... Whatever work you do, remember that the benefits of this repayment will be seen in the following year's tax return (2020)

To see your tax deduction application accepted, it is important to pay installers via wire, bank or post. The fundamental thing is that they are "talking”. Of course online transfers are also Fine.

What Is The Talking Transfer?

To help you better manage this bureaucratic aspect, we would like to stress that the talking transfer is different from the ordinary one. It is good to compile it in the right way because even a small inattention risks compromising the request, and obtaining, of the tax deduction.

To avoid having your request dismissed by the Revenue Agency office, you must specify a series of information that we are going to list:

in the purpose of the bank transfer it specifies that the payment is made pursuant to and for the purposes of Article 16 of Presidential Decree 917/1986 (in the bank you will usually find pre-printed forms that can help you);

Indicates the details of the invoice you are paying and specifies the data of the recipient company and its tax code;

Specifies the name and tax identification number of the person making the payment and to whom the invoices are registered.

In any case, remember to keep all documents relating to the work performed, such as invoices and bank transfer receipts. The payment must be made no later than 31 December 2019 and, during the tax return made in 2020, you must attach all the documents relating to the installation of the alarm system. The deduction will be divided into 10 annual quotas.

Installations That Benefit From Tax Deductions

Thefts and break-ins are constantly increasing, but the positive note of the anti-theft bonus can give space to that idea that you kept postponing. The important thing is that the jobs are performed by certified professionals, like our Get stealth technicians. Not only for bureaucratic purposes but also, and above all, because when it comes to safety it is good not to skimp.

If you have the doubt that it is a benefit only for people who are building their own home or are renovating it, don't worry: it is not necessary for the installation of the alarm system to take place together with the building renovation of a motionless. It is possible to install an alarm system also without the opening of municipal practices. The fundamental thing is that the professionals work on a project of installation of systems useful to prevent the risk of theft and illicit, as for example:

·         Site inspections for the installation of an alarm system (Get stealth offers this service for free!)

·         design for the burglar alarm system

·         fire detection systems ;

·         burglar alarms with control unit and detectors;

·         thermal cameras ;

·         fog systems

Vat is Advantageous for Part of Your Expenses

So far, although these are important expenses, we have given you good news. Fortunately, there is still one that will definitely convince you to think of a home alarm systems in Chicago. In addition to tax deductions, you will be able to see 10% reduced VAT applied on almost all costs incurred for the installation of your alarm system. A little help for those who, like you, are intent on securing their families and homes. As mentioned in the guide “Building restructuring - Tax benefits ", prepared by the Revenue Agency,” 10% reduced VAT cannot be applied to:

·         Materials or goods supplied by a person other than the one performing the work;

·         Materials or goods purchased directly by the customer;

·         Professional services, even if carried out as part of interventions aimed at building recovery;

·         Services rendered in the performance of subcontracts to the company carrying out the works. "

Who Is Entitled To The 2019 Alarm Bonus?

To be entitled to anti-theft deductions, you must be a private individual subjected to PIT (Personal Income Tax). The bonus is not only for the owners of the buildings but also for those who bear the costs despite being a lessee, usufructuary or borrower. We hope you have been useful with this post that summarizes the 2019 news regarding the 2019 tax deductions. As always, we are at your disposal to guide you in finding the most suitable alarm system for you and your family's needs. Contact us for a chat and to organize a free inspection.

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