25% income tax reduction for restoring movable objects listed as historic monuments

Article 23 of the 2007 amending finance law created an income tax reduction (Article 199 duovicies of the General Tax Code) equal to 25% of the cost of conserving or restoring movable objects listed as historic monuments owned by the taxpayer, up to €20,000 of expenses per year. The work must be authorised and the object displayed to the public for at least five years after completion.