Extension of the bonus 110 at risk: the deduction could decrease from 5 to 4 years

The bonus 110 Sara extended? And if so, until when? We had mentioned the desire to extend the maxi deduction until 31 December 2023. In the meantime, the asseveration of urban-building compliance was also proposed to speed up the times. Proposals that appeal to homeowners and operators in the construction sector but that clash with the Palazzo delle Finanze in via XX Settembre in Rome.

The compromise could be a six-month extension in six months. To date there would be the margin to grant six more months for the design phase and a further six to complete the work. Therefore an overall extension of 12 months to date, until 31 December 2022.

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Bonus extension 110: granted just one more year?

Because the 110 has not yet pushed the construction sites

Too little? Probably if you think about how many gaps and gaps in interpretation still weigh on the legislation regarding tax deductions of 110%. All made even more complicated by the pandemic that slows everything down. The 110 bonus was born above all for condominiums and condominium assemblies at the time of Covid are decidedly slowed down. As a result, despite the interest shown in the measure, there are few sites that have started or are leaving.

110% deduction: granted only 4 years?

In addition to this, the MEF proposed to reduce the time margin of use of the deduction from 5 to 4 years. But this could create a double problem:

• the number of beneficiaries would be reduced who will be able to directly deduct the cost of the work without asking for a discount on the invoice or credit transfer (because a greater fiscal capacity would be needed);
• Accounting problems will arise for those who have already proposed financial products taking into account the 5-year horizon.

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