The possibility of transferring deductions with the right to the 110% superbonus has been extended to building renovations through a direct discount on the invoice by the supplier or reimbursement of expenses, thanks to the Article 121 of the Relaunch Decree, thus making building renovations easier and more accessible.
This renovation bonus is only recognized for taxpayers who carry out extraordinary maintenance work in condominiums or single buildings.
You can choose to obtain a discount of equal amount on the invoice applied directly by the supplier, equal to the amount to be paid within the maximum limit of 96,000 euros.
How does it work in practice?
The invoice discount allows you to pay only 50% of the total expense instead of having to wait 10 years to recover 50% with tax deductions.
For example, if you undertake a renovation that costs 20,000 Euros, which entitles you to a 50% deduction, you will pay 10,000 Euros to the supplier.
The client saves 50% of the renovation cost immediately.
When can it be applied?
- when the property to be renovated is located in Italy
- when it’s a renovation of an existing property
- the requester is an individual and not a company
Who Can Request it?
- owners or bare owners;
- holders of real rights of enjoyment (usufruct, use, habitation, or surface rights);
- tenants or borrowers;
- members of divided and undivided cooperatives;
- individual entrepreneurs, for properties not included among business or merchandise assets;
- entities that produce income in an associated form.
For which works can it be applied?
- building heritage recovery: extraordinary maintenance, restoration and conservative renovation, and building renovation work carried out on individual real estate units;
- energy efficiency improvements falling under the standard eco-bonus, such as replacement of heating systems or windows including frames;
- adoption of seismic protection measures falling under the seismic bonus;
- recovery or restoration of building facades of existing buildings.
And specifically, the 50% deduction applies to:
- extraordinary maintenance work, restoration and conservative renovation, building renovation carried out on individual residential real estate units.
When is the renovation bonus requested?
The request must be made when filing the tax return, indicating the expenses incurred in the 730 form unless you have opted for the invoice discount: in this case, it will have been transferred directly to the supplier.
