BONUS 110 AND BUILDING TAX BENEFITS

Arletti & Partners’ chartered accountants can offer you professional support in applying for Bonuses (Superbonus, Sismabonus, etc.) and other Tax Deductions in Construction.

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Superbonus 110%

The Superbonus is a benefit provided by the ‘Decreto Rilancio‘, which raises the deduction rate for expenses incurred from July 1, 2020 to June 30, 2022 to 110% (deadline December 31, 2022 or June 30, 2023 only for some cases), for specific works in in the field of energy efficiency, anti-seismic interventions, installation of photovoltaic systems or infrastructures for charging electric vehicles in buildings.

Other so-called works also benefit from the facility “Trailed”, if performed jointly with the former.

PULLING interventions (entitled to the deduction of 110% of the expense):

  • thermal insulation interventions on the casings;
  • replacement of the winter air conditioning systems on the common parts;
  • replacement of winter air conditioning systems on single-family buildings or on property units of functionally independent multi-family buildings;
  • anti-seismic interventions.

PULLED interventions (raise the right to a 110% deduction of the cost only if performed together with at least one of the so-called “pulling” interventions):

  • energy efficiency interventions;
  • installation of photovoltaic solar systems;
  • infrastructure for charging electric vehicles;
  • elimination of architectural barriers (16-bis, letter e) of the TUIR).
  • Condominiums;
  • Natural persons, outside the exercise of business activities, arts and professions, who own or hold the property object of the intervention;
  • Natural persons, outside the exercise of business activities, arts and professions, owners (or co-owners with other natural persons) of buildings consisting of 2 to 4 distinctly stacked real estate units;
  • Autonomous public housing institutes (Iacp), however named, or other bodies that meet the requirements of European legislation on “in-house providing”. For these subjects, the subsidy concerns expenses incurred by June 30, 2023, if at December 31, 2022, work has been carried out for at least 60% of the total intervention;
  • Undivided housing cooperatives;
  • Onlus, voluntary associations and social promotion associations;
  • Amateur sports associations and clubs, limited to works intended solely for buildings or parts of buildings used as changing rooms.

Ecobonus 65%

The Law Decree of June 4, 2013 n. 63 and subsequent amendments, provides for a deduction of 65% of the expenses incurred until to 31.12.2021 for specific works in the field of energy efficiency.

Interventions whose expenditure is deductible at 65%:

  • Total redevelopment of the building (max deduction € 100,000);
  • Casing insulation (max deduction € 60,000);
  • Solar collectors (max deduction € 60,000);
  • Hybrid generators (max deduction € 30,000);
  • Heat pumps (max deduction € 30,000);
  • Class A condensing boilers + advanced thermoregulation system (max deduction € 30,000);
  • Condensing hot air generators (max deduction € 30,000);
  • Micro-generators (max deduction € 100,000);
  • Building automation systems (max deduction € 15,000);
  • PDC water heater (max deduction € 30,000).

Interventions whose expenditure is deductible at 50%:

  • Doors and windows (max deduction € 60,000);
  • Solar shields (max deduction € 60,000);
  • Biomass boilers (max deduction € 30,000);
  • Class A condensing boilers (max deduction € 30,000).

Properties of any cadastral type can take advantage of the Ecobonus; buildings used as dwellings or for productive activities.

The beneficiaries can be both natural and legal persons as the expenses are deductible from both IRPEF and IRES.

Facade Bonus 90%

Law no. 160 of 27 December 2019 – Budget Law 2020 introduced a deduction of 90% of the expenses incurred up to 31/12/2021 for ordinary and extraordinary maintenance of the external facade of the buildings.

  • Interventions of recovery or restoration of the external facade of the buildings;
  • Cleaning and external painting on opaque structures of the facade;
  • Interventions on balconies, ornaments and friezes (including those for cleaning or painting only);
  • Interventions on the opaque structures of the overall facade of the building which are influential from a thermal point of view or which affect more than 10% of the plaster of the overall gross dispersing surface of the building;
  • Other interventions for urban decoration;
  • Related expenses.

Properties of any cadastral type can take advantage of the Ecobonus; buildings used as dwellings or for productive activities.

The beneficiaries can be both natural and legal persons as the expenses are deductible from both the IRPEF and IRES.

Sismabonus 50%-70%-80%

Article 16 bis, paragraph 1, letter i), Tuir and article 16, paragraphs 1 bis, 1 ter, 1 quater, 1 quinquies, 1 septies, Decree Law 4 June 2013, no. 63 have provided for a deduction of 50% (raised to 70% in the case of a reduction of the seismic risk of 1 class or to 80% in the case of a reduction of the seismic risk of at least 2 classes) of the expenses incurred for interventions relating to the adoption of anti-seismic measures and the execution of works for the static safety carried out on the structural parts of buildings or complexes of buildings connected structurally.

  • Expenses for interventions related to the adoption of anti-seismic measures with particular regard to the execution of works for the static safety, in particular on the structural parts;
  • Expenses for the preparation of mandatory documentation to prove the static safety of the building heritage, as well as
  • Expenses for carrying out the interventions necessary for the release of the aforementioned documentation.

Buildings used as homes or for productive activities can take advantage of the Sismabonus.

The beneficiaries can be both natural and legal persons as the expenses are deductible from both the IRPEF and IRES.

Other Bonuses

Art. 16-bis of Presidential Decree 917/96 and subsequent amendments and additions provided for a deduction of 50% of the costs incurred for extraordinary maintenance, renovation, restoration, conservative rehabilitation of the buildings.

What expenses are eligible?

  • Ordinary maintenance interventions (only if performed on common parts of condominium buildings);
  • Extraordinary maintenance interventions;
  • Restructuring, restoration, conservative rehabilitation interventions.

Which subjects can benefit from it?

Only residential properties can take advantage of the Home Bonus.

The beneficiaries can only be natural persons as the expenses are deductible only from the personal income tax.

Article 1, paragraph 12 of Law no. 205 of 2017 and subsequent amendments thereto provided for a deduction of 36% of the expenses incurred for:

  • Greening interventions of private uncovered areas of existing buildings, real estate units, appurtenances or fences, irrigation systems and construction of wells;
  • Realization of green roofs and hanging gardens;
  • Design and maintenance costs if related to the interventions referred to in the two previous points.

Which subjects and which properties can benefit from it?

Buildings used as homes can take advantage of the Green Bonus.

The beneficiaries can only be natural persons as the expenses are deductible only from the personal income tax.

Art. 16, paragraph 2 of law decree no. 63 of 4 June 2013 art. 16, paragraph 2 and subsequent amendments, provides for a deduction of 50% of the expenses incurred for the purchase of new furniture and large appliances of class not lower than A + (A or higher for ovens and washer-dryers), intended to furnish a property undergoing renovation. The renovation that entitles you to take advantage of the furniture bonus must have started from January 1, 2020.

Which assets are eligible? (By way of example only – not exhaustive)

Furniture

Beds, wardrobes, dressers, bookcases, desks, tables, chairs, bedside tables, sofas, armchairs, sideboards, mattresses, lighting equipment;

Large furniture of a class not lower than A+

Refrigerators, freezers, washing machines, washer dryers, dryers, dishwashers, cooking appliances, electric stoves, electric hot plates, microwave ovens, electric heating devices, electric radiators, electric fans, air conditioning devices.

Which subjects and which properties can benefit from it?

You can take advantage of the furniture bonus only if the work start date is earlier than the one in which the expenses for the purchase of furniture and large appliances are incurred. Buildings used as homes can take advantage of the Furniture Bonus.

The beneficiaries can only be natural persons as the expenses are deductible only from the personal income tax.

How We work

A&P follows processes defined on the basis of the type of taxpayer. The customer is thus accompanied in each step in a clear and exhaustive way.

  • Free video conference customer / practice profiling;
  • Sending checklist and document collection;
  • Analysis of the documentation and request for integration if necessary;
  • Verification of the subjective and objective requirements to obtain the right to tax deduction;
  • Pre-feasibility outcome;
  • Drafting of the intervention file containing all the accounting, technical and tax documents to be shown to the Revenue Agency in case of fiscal control;
  • Affixing the mandatory compliance visa to take advantage of the discount on the invoice and the assignment of credit;
  • Legal support in drafting reports and contracts.

A&P operates completely in Smart Working to allow not to interrupt its services even during the Covid-19 emergency.

The platform used by the Studio is MS Teams and Citrix ShareFile.

A dedicated team takes care of the research and cataloging of new regulations and practices, both nationally and internationally.

Why choose Arletti & Partners

A&P was founded in 1998 and is made up exclusively of graduates in linguistic, legal and economic disciplines.

There are currently 7 Chartered Accountants and over 25 Graduates in the various disciplines.

Our Office deals with all matters reserved for chartered accountants, with particular specialization in the management of the taxation of employees and deductible tax charges.

Since the introduction of the first law on building deductions, A&P has been specializing in all disciplines relating to extraordinary works and, particularly since July 2020, in 110% bonus applications.

The firm has more than 300 clients including individuals and legal entities. Among them numerous multinational companies.

The Firm has had agreements with industry associations belonging to Federmacchine for several years.

Our firm’s turnover from requests of Superbonus 110%, Ecobonus, Bonus Facciate, Home Bonus.

The firm is insured with a primary company Unipol Sai Assicurazioni with professional liability policy no. 745559461, expiring on 31/12/2021 with a maximum limit of Euro 1,000,000.00 and, as regards the compliance visa, policy no. 167154865 expiring on 31/12/20 2021, coverage ceiling of Euro 10,000,000.00.

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