Home Bonus: pay attention to the bank transfer, this widespread error puts families in trouble, you risk a lot

For deductions relating to the renovation bonus, you need to pay close attention to the bank transfer. Here’s what the Revenue Agency says.

The bonuses linked to the interventions of renovation and energy requalification they undoubtedly allow considerable savings to be achieved over the decade following the works. But there are a series of rules that must be applied with scrupulous attention so as not to risk losing everything. In this case, when we talk about home renovation works with a 50% renovation bonus, it is necessary to know the procedure not only with regards to the intervention itself but also regarding payment methods.

In fact, we know that the payment of money to the company that will carry out the internal or external works must be done in a ‘traceable’ way, i.e. not in cash or by cheque: the ideal is to pay with a bank transfer, the best method from a traceability point of view. Furthermore the bank transfer must be registered to the person who will subsequently be the beneficiary of the deduction on the basis of his Irpef capacity.

Home renovation bonus, the Revenue Agency clarifies the transfer

What happens instead if thethe bank transfer orderer is a different person by the beneficiary of the deduction? Many have asked themselves questions and doubts about this question over the last few years, also because there were no written specifications on the law relating to the restructuring bonus. Well with circular 17/2023, the Revenue Agency clarified by providing an answer to the question posed by a taxpayer: the person in question asked if it was possible to make the transfer from his current account but inserting the father’s tax code as the beneficiary of deductions relating to extraordinary maintenance work on the house owned by the parents. The reason was linked to the fact that the father did not have a bank account.

Home bonus and bank transfer holder different from the person requesting the deduction (designmag.it)

The Revenue Agency responded to this doubt by explaining that theoriginator of the transfer relating to subsidized works from this bonus can actually be different from the taxpayer who will be the beneficiary of the deduction. However, this is provided that the dedicated bank transfer is used, indicating the reason for the payment, specifying in this field that it is carried out for interventions that will give the right to the deduction; the tax code of the ‘beneficiary of the deduction’ must then be indicated which, therefore, may also be different from the person ordering the transfer. And finally the VAT number or alternatively the tax code of the beneficiary of the transfer. The payer may therefore be a different person than the beneficiary of the deduction, provided however that it is the latter who requests it on the 730.