One of the most interesting and innovative act (DL n.34 of 19/05/2020), approved by the Italian Parliament in 2020, is definitely the so-called “Superbonus 110%”. It is a tax credit of 110% of the expenditures that are conducted in order to improve the energy efficiency and the seismic rate of the houses. The expenses have to be incurred between the 1st July 2020 and the 31st December 2021 and the renovation works must guarantee the improvement of at least two energy classes in order to get the bonus.
According to the Communication n. 500 provided by “Agenzia delle Entrate” (Italian Tax Agency), the audience of these bonuses is every person, Italian or non-Italian citizens, which owns the property of a house or a building in Italy.
The tax discount for works admitted to the “Superbonus”, “Ecobonus”, and/or other bonuses is valid for a maximum of two different properties.
The “Superbonus 110%” is linked to works conducted in order to build a thermal insulation, air conditioning systems, efficient heating systems, and/or works to reduce the seismic risks. If one these works is made it is also possible to get the 110% bonus for some other works regarding for example photovoltaic systems, replacement of doors and windows, charging stations for electric vehicles, etc.
Furthermore, there are some limits regarding the maximum expenses that are deductible:
|
Type of work |
Type of building |
Maximum limit |
|
Thermal insulation |
Single property |
50.000 € |
|
Thermal insulation |
Multiple properties (from 2 to 8 units) |
40.000 € per unit |
|
Thermal insulation |
Multiple properties (more than 8 units) |
30.000 € per unit |
|
Heating or A/C system |
Single property |
30.000 € |
|
Heating or A/C system |
Multiple properties (from 2 to 8 units) |
20.000 € per unit |
|
Heating or A/C system |
Multiple properties (more than 8 units) |
15.000 € per unit |
|
Works to reduce seismic risks |
For each housing unit |
96.000 € |
|
Photovoltaic systems |
For each housing unit |
48.000 € |
|
Solar panels system |
For each housing unit |
48.000 € |
|
Charging stations |
For each housing unit |
3.000 € |
It is a great opportunity, also for non-Italian residents, to renovate and make the houses more efficient, under an energy and seismic point of view, with the fiscal aid of the Italian Government. These interventions are more than free, for example if you spend 100 € it is possible to get 110 € of a fiscal credit.
There are three possible solutions in order to spend the bonus:
- Use the fiscal bonus of 110% of the expenses incurred as a deduction, but if you are a non-Italian resident and you do not have to pay income taxes in Italy, it is impossible to use this option.
- In alternative, it is possible to opt out for a contribution as an invoice discount applied directly by the suppliers. The client pays the invoice with a discount (up to 100% of the total amount) and the suppliers “buys” the fiscal credit from its client and then use it as a deduction.
- On the other hand, you could transfer the tax credit to third parties (as banks, insurance firms, and other organizations). These entities have established an average price of purchase of these fiscal credits approximately of 100% and furthermore, in some case, they could grant a loan in advance and then they get back with the bonus obtained.
It is not very easy to get the bonus alone due to the high amount of documents and licenses requested, thus it is necessary to ask for the support of an expert in order to avoid penalties. Our firm MGI Vannucci & Associati is available to analyse your specific case and provide you the best tailor made solution. Our experts, thanks to their experience and professionalism, could support you in every step of the process, from preliminary authorizations to the transfer of your tax credit to financial intermediaries.
Please note that it is possible to include the expenses for the advisors in the “Superbonus 110%”.