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Fractional transfer, simpler Superbonus: how it works

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From the stop to the three sales to the possibility of splitting. The Superbonus changes again, with the aim of definitively eliminating illegal practices.

Considering the pace of change, the Superbonus seems almost a protean measure. Basically it remains itself, gradually adapting itself, however, to new systems of interaction.

Superbonus splitting
Photo © AdobeStock

Basically, the concession for construction works does not change. What changes is the way of interpreting one of the two pillars of 110%, namely the assignment of credit. Overused first, then blocked, then restarted and finally even strengthened, in the face of enhanced supervision, the sale can now even be used for a fourth time. Where, just a few months ago, it had been decided to stop at three possibilities. Now a new steering, carried out with the aim of further simplifying the use of the Superbonus also with a view to an ever closer 2023 (and therefore a progressive reduction). The National Association of Building Builders has made it known that the assignment of the credit can now be divided by year.

Not a small novelty. The new option, in fact, should greatly shorten the time required for the disposal of credits already transferred to credit institutions. Which, this being the case, could speed up the acceptance practices of new ones. Basically, the goal is to speed up the procedures, simplify the bureaucracy and, in some way, encourage the use of the Superbonus in its full form. The director of the Revenue Agency himself, Ernesto Maria Ruffini, spoke of the measure as an important turning point in terms of the use of the subsidy. Moreover, the intervention in question also aims to reduce illegal practices, thus favoring virtuous companies.

Superbonus, how to split credit and speed up disposal practices

The reduction of illegal practices connected to the credit transfer system had been the basis of the drastic decisions taken at the beginning of the year. Initially, the Government had decided to shed light on alleged scams related to the practice, while reducing the possibility of assignment to a single operation compared to the three initially agreed. The transfer of credit, however, alongside the possibility of exploiting such a large deduction had decreed the initial success of the Superbonus, however, uncovering the side of inconveniences of incorrect (and even illegal) management. Subsequently (also due to the serious difficulties for the companies that had already carried out the discount on the invoice), the executive smoothed out the limitations and granted the three sales again, however imposing stricter controls and stricter requirements. However, the tax advantages remained, in a less dense credit forest.

The latest modification will allow the dividing up of the sale, imposing a monitoring system that is delayed over time but more precise. Furthermore, the novelty will allow the reopening of tax planning of banks. In any case, an ad hoc circular should be issued in the coming days which will clarify the details of the practice. For sure, the zero fraud goal seems more within reach. The problem, if anything, is having to go through a series of dangerous roller coasters before arriving at the result. For a facility like the Superbonus which, moreover, according to the premier himself it doesn’t seem so advantageous.

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