BERLIN / LONDON (IT BOLTWISE) – After a storm, many homeowners are faced with the challenge of repairing the damage caused. But there are tax reliefs that can help reduce the financial burden. However, this support is subject to certain conditions that must be observed.
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The tax deductibility of tradesman costs after storm damage is an essential part of the German tax system that supports homeowners. This regulation aims to reduce the financial burden of repair work on privately used residential buildings. A tax bonus can help reduce the cost of labor, travel and machine hours while not taking material costs into account.
There is a separate tax bonus for energy-efficient renovations, which can amount to up to 40,000 euros, spread over three years. A certificate from a specialist company is required for this. It is important that the tax office only recognizes expenses that have been demonstrably transferred in order to prevent undeclared work. Cash payments are therefore not accepted.
The tax bonus covers 20 percent of the costs incurred, but is capped at 1,200 euros per year. This upper limit applies to all tradesman services within a household and not per individual measure. If insurance covers the costs, no tax bonus is possible, except for the deductible. Other regulations apply to rented properties, where tradesman costs can be deducted as business expenses.
Public funding also excludes the right to tax relief. In certain cases, expert work can also be deductible if it is directly linked to the craftsman’s work. This applies, for example, to static calculations before roof repairs. However, independent reports or consulting services are excluded.
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