The complete list of all possible users of the deduction
The Home renovation bonus, extended with the Budget Law 2022, is a tax incentive for all those who carry out work in a residential building. To access and take advantage of the bonus, however, it is necessary to meet certain requirements and respect some essential points. Here is everything you need to know about how the Restructuring Bonus works and how to use it.
Restructuring Bonus: what is it and how does it work?
The restructuring bonus was introduced for the first time by article 16-bis of Presidential Decree 917 of 1986. In 2013, the bonus was enhanced with Law Decree no. 63 (article 16, paragraph 1) and, with the 2022 Budget law, it was extended until 31 December 2024.
The Restructuring Bonus consists of a 50% deduction on Irpef (Personal Income Tax) up to a maximum of 96,000 euros of expenditure for building renovation and maintenance, extraordinary or ordinary. The deduction, if obtained, will be divided into 10 equal annual installments.
For more information, you can contact professionals in the sector directly in order to have support at all stages. For example, by going to one of the Leroy Merlin stores and filling out the necessary documentation, it is possible to enjoy the benefits of the restructuring bonus without worrying about the bureaucratic aspects associated with the various obligations, through the Zero Thoughts solution.
Who is entitled to the restructuring bonus?
Since 2022, with the aim of combating possible fraud, the new requirements relating to the assignment of credit and the possibility of accessing the incentive have been modified.
The 2022 Restructuring Bonus can be requested by all Italians who are subject to the payment of income taxes. More specifically, both the owners and the holders of the rights on the properties to be restored can take advantage of the facility.
In detail, here is the list of all the subjects who can regularly access the incentive and have the right to the deduction:
– the owner;
– the holder of a real right on the property subject to the works (use, dwelling or surface);
– the tenant;
– all members of both divided and non-divided cooperatives;
– all shareholders of specific simple partnerships;
– individual entrepreneurs: in this case, the point refers exclusively to properties that are not part of the capital or commodity property.
In addition to the aforementioned, they can also take advantage of the right to deduct (provided they regularly incur all expenses and are the holders of bank transfers and invoices) also:
– a family member living with the owner of the property subject to the renovation. They can be: the spouse, the member of the civil union and all relatives within the third degree and relatives within the second degree;
– separated spouse but assignee of the property in question.
What jobs are allowed and covered by the home renovation bonus?
In general, the Restructuring Bonus grants tax relief to all works regarding the renovation of a property within well-defined spending and time limits.
Specifically, here are the works on residential properties for which the deduction is ensured:
– all interventions relating to extraordinary maintenance, restoration and building renovation carried out on individual residential real estate units of any category, including rural ones;
– maintenance work, both ordinary and extraordinary, of restoration and rehabilitation carried out on all those common parts of the buildings, or the condominiums;
– all the interventions necessary for the reconstruction of a property damaged following calamitous events and, above all, on condition that a state of emergency has been declared;
– works aimed at the construction of garages or parking spaces, also of common property;
– all the works carried out for the realization of any instrument and apparatus which, by means of technology or robotics, is suitable for allowing the movement of people with disabilities in internal or external places;
– the work carried out to prevent the risk of possible illegal acts, therefore theft, assault, kidnapping and any other crime.
Incentives for anti-seismic interventions
The Restructuring Bonus also allows concessions for all expenses related to anti-seismic interventions on all residential buildings located in areas considered to be of high seismic hazard (zone 1 and zone 2). The 50% deduction is due to all those who have carried out works in the period between 1 January 2017 and 31 December 2021. With the 2022 Budget Law, the Bonus has been extended until next 31 December 2022. This facility it is to be calculated on a total amount of 96,000 euros per property unit for each year.