The reduced VAT rate of 10% is applicable to repair work on a property (electricity, plumbing, carpentry, etc.), this is possible if you meet these requirements:
- The home must have been built or renovated at least two years before the date of the work.
- That the cost of the materials provided does not exceed 40% of the price of the entire work.
In the event that the works are carried out in common areas of a building destined for housing at least 50% and are contracted by the community of owners, the reduced VAT can also be applied.
In case the invoice issued is in the name of an insurance company, it will have to bear the general VAT rate, only the reduced VAT rate can be applied if the invoice is in the name of the property.