From the super bonus to tax deductions for renovations, energy and furniture
Superbonus, renovation, energy and furniture bonuses. 2022 has what it takes to give a strong boost to the construction sector, thanks to measures included in the budget law. The tax credit to 110% was at the center of the parliamentary debate, with the cancellation of the Isee ceiling of 25,000 euros for single-family villas which saw the agreement of all the majority (provided that as of June 30, 2022, work had been carried out for at least 30 percent of the overall intervention). The extensions also apply for the realization of the towed interventions. In general, the superbonus provides for different deadlines based on the beneficiary.
To give greater stability and certainty to homeowners who decide to try their hand at restyling works, the extension of 3 years (2022, 2023 and 2024) to take advantage of the tax deductions due for expenses incurred for energy efficiency interventions, building renovation, for the purchase of furniture and large household appliances. Alternatively, it will be possible to transfer the tax credit to banks and financial intermediaries or to obtain the discount on the invoice. For the furniture the maximum deductible amount in 2022 is set at 10,000 euros, while it drops to 5,000 euros for the years 2023 and 2024.
The extension until 2024 tax relief for the ‘green’ arrangement of uncovered areas of private residential buildings. The deduction from the gross tax is of 36% of the expenditure incurred, within the spending limit of 5,000 euros annually and therefore within the maximum deductible amount of 1,800 euros. The bonus facades, intended for the recovery or restoration of the external facade of specific categories of buildings, is extended until 2022 (reducing the discount from 90% to 60%). Bonus also for interventions aimed at overcoming and eliminating architectural barriers, and a tax credit is introduced for the installation of integrated storage systems in electricity production plants powered by renewable sources.
Returning to the superbonus, for the condominiums and individuals (outside the exercise of a business, art or profession) an extension to 2025 is envisaged with a progressive decrease in the deduction percentage (from 110% for expenses incurred by 31 December 2023 up to 65% for those incurred in the year 2025). The possibility of using the measure for the undivided housing cooperatives (until 30 June 2023). For the same subjects, if works have been carried out (as at 30 June 2023) for at least 60 percent of the total intervention, the deduction is also due for expenses incurred by 31 December 2023 (similarly to what is already provided for the Iacp) .
They also come the terms of application of the 110 percent deduction in cases of installation of photovoltaic solar systems have been eliminated (31 December 2021) as well as for the installation of infrastructures for the recharging of electric vehicles in buildings (30 June 2022). And it was canceled the provision that recognized the deduction for expenses incurred by some subjects by 31 December 2022 only in the presence of certain conditions (communication Cila and title reconstruction of buildings).
It is also established that the price lists identified by the decree of the Minister of Economic Development of 6 August 2020 they also apply to other building restoration and energy requalification interventions. It attaches to the 110 percent the amount of the allowable tax deduction in relation to the expenses incurred, by 31 December 2025, in the municipalities of the areas affected by seismic events from 1st April 2009.
The maneuver incorporated the law decree number 157 of 2021, that extends the compliance visa requirement also for the superbonus used as a deduction in the tax return. An exception is made in the case in which the return is presented directly by the taxpayer, through the use of the pre-filled return prepared by the Revenue Agency or through the withholding agent who provides tax assistance. The provision establishes that in order to establish the fairness of prices, to be certified by a qualified technician, it is also necessary to refer to the maximum values established, for certain categories of goods, by decree of the Minister of Ecological Transition.
Furthermore, the requirement of a compliance visa is also introduced in the event of an option for the transfer of credit or a discount on the invoice, relating to tax deductions for building works other than those that give the right to the 110% super bonus and the obligation to swear the fairness of prices, to be made by the qualified technicians.
In the package of deductible expenses those incurred for the issuance of the compliance visa, as well as sworn statements and attestations in question, on the basis of the tax deduction rate provided for each type of intervention. Has been the requirement of a compliance visa is excluded for free building works and for interventions for a total amount not exceeding 10,000 euros, carried out on the individual real estate units or on the common parts of the building, with the exception of interventions relating to the facade bonus.