How to restructure your home.
Tips for reading between the lines of the home restructuring bonus, and some style recommendations.
Now is the ideal time for restructuring your home.
The Italian “Decreto Rilancio” (Law No 77 dated 17.07.2020) extends the existing facilities - Ecobonus for the environment and Sismabonus for seismic protection, introducing discounts up to 110% for some energy efficiency interventions carried out by 31/12/2020, the invoice discounts and credit transfer for the 50% restructuring bonus and the 90% façades bonus.
The 110% tax deduction is valid for some primary interventions:
- external heat insulation or coatings of buildings, up to a maximum of €50,000;
- replacement of winter HVAC systems up to a maximum of €20,000 per building unit in residential blocks and in the common areas, up to €30,000 for single-family units
- anti-seismic interventions in homes and production buildings in zone 1, 2 or 3, for expenditure up to a maximum of €96,000 per unit
The deduction also covers so-called secondary interventions, where performed at the same time as the primary interventions:
- energy efficiency interventions
- installation of photovoltaic systems and storage systems, up to a maximum of €48,000
- installation of electric vehicle recharging facilities, for a maximum of €3,000
The Superbonus applies to interventions carried out by: natural persons for buildings that do not involve business activities, the arts or trades, condominiums, independent public housing units (IACP), third sector bodies registered with public registers, housing cooperatives with indivisible ownership, amateur sports associations for the works performed on changing room buildings.
The bonus may also be requested for restructuring second homes in one or two units, also in the event of demolition and reconstruction.
The facilities can be used in three ways:
- tax deductions equal to the amount of the intervention, indicated in the tax returns, plus 10% distributed over the following 5 years
- discount in the invoice equal to the amount of the costs incurred by the company performing the works, in exchange for the transfer of the tax credit
- transfer of the tax credit to participating banks in exchange for the cash required to pay for the works
The companies appointed to perform the works that acquire the tax credit may in turn use it as a deduction in their tax returns, or transfer it to a third-party body.
The bureaucratic procedure for the Superbonus is obviously complex.
The documents to be produced include the Energy Performance Certificates before and after the works, the land registry certificate, and other self-certifications, permits, sworn statements... To simplify matters, the Italian Inland Revenue has published a Guide to the Superbonus 110% which lists all the documentation to be submitted and the correct procedure for accessing the facilities.