Ulrich Creydt, Tax Consultant and Managing Director of Ypsilon GmbH Steuerberatungsgesellschaft
“The federal government had put the reform of the Heating Act high on its agenda. It was all the more surprising that it took almost ten months for her to make reform proposals. In the meantime, this has unsettled property owners. Although there are still subsidies for heating system replacement and other energy-related measures, the renovation rate fell noticeably last year.
With the reform, owners now have more freedom in their choice of heating and in finding a climate-friendly supply for their property. This is very welcome. The fact that there will continue to be subsidies for renovation and heating replacement is also a good signal. Owners who live in their property themselves can claim renovation costs in accordance with Section 35c of the Income Tax Act, from which owners with a high tax burden in particular benefit.
I hope that the knot in the renovation backlog will now slowly loosen. After all, only a well-made law that is widely accepted and offers long-term reliability can contribute in the medium term to more private capital flowing into building renovation and thus sustainably improving the climate balance in the building sector.”
