The changes in the new draft of the Budget Law
New draft of the Maneuver. Before ten years and no more than five, renovation expenses are not deductible from the taxable amount of the 26% tax on capital gains. It is also possible to reduce the costs to 50% “in the event that the subsidized interventions were concluded more than five years ago at the time of the transfer”.
Applications to request the Superbonus must be submitted by Tuesday 31 October. A MEF decree published in the Official Journal at the end of August set ‘boundaries’ for the measure put in the attic by the government due to the high costs on public finances. First, the bonus is reserved for natural persons with an ISEE income of less than 15 thousand euros who own the property or who have a real right of enjoyment. Second, the relief applies to expenses incurred from 1 January 2023 to 31 October 2023 for energy efficiency, earthquake bonus, photovoltaic and charging columns for electric vehicle interventions, as part of the Superbonus, without however exceeding 10% of the total eligible expenses at the discount.
Furthermore, a third restriction establishes that the expense deductible at 90% up to the maximum amounts set for the various interventions can be the subject of the contribution up to a maximum of 96 thousand euros. The amount of the contribution requested, therefore, will be equal to 10% of the eligible expenses incurred by the applicant up to a maximum of 9,600 euros.
The amount of the bonus recognized will be determined based on the number of applications submitted and the distribution percentage will be communicated by the Revenue Agency by 30 November 2023. The payment of the contributions will be made by crediting the current account that the beneficiaries will have indicated in the instance. For this measure the government has allocated 20 million euros. But what if the funds aren’t enough? In this case, two paths are open: if the requests exceed the available amount, the contribution will be assigned in reduced percentages, but never less than 10%; if the resources are not sufficient to cover even 10% of the requests, the beneficiaries will still receive 10% of the requested amount and the requests will be financed in chronological order starting from the first transfer made by the taxpayers once the Tax Office determines the available amounts .
It is confirmed in the new draft of the budget law the increase in the flat rate tax from 21% to 26% for short-term rentals.