Green light to the communication model for the certification, by insurance banks and intermediaries, of the annual installments that can be used starting from the year 2025 in relation to construction tax credits such as the Superbonus, the Sismabonus and the Bonus architectural barriers were purchased for an amount equal to or greater than 75% of the related deductions. These subjects must present the model to the Agency, to avoid the further division of the credit into six annual installments as provided for in article 121, paragraph 3-ter of Dl n. 34/2020. With a measure of the director of the Agency on 21 November 2024, the content of the communication model and the methods of electronic sending are defined.
The provision specifies that the communication must be sent to the Agency: from 3 to 31 December 2024, for credit installments already accepted; starting from 3 December 2024, for credit installments not yet accepted or purchased as of that date.
Model recipients
The measure introduced by the new paragraph of the Relaunch decree (paragraph 3-ter, article 121 of Legislative Decree no. 34/2020) applies to the annual installments usable starting from the year 2025, to which the unique identification code has been attributed. The recipients are exclusively banks and financial intermediaries registered in the specific register, companies belonging to a banking group registered in the register referred to in Article 64 of the same consolidated act and by insurance companies authorized to operate in Italy.
The normative discipline
The provision finds its origins in article 121, paragraph 3-terof Legislative Decree no. 34/2020 which provided, for the Superbonus, Sismabonus and architectural barrier bonuses tax credits, purchased by qualified entities such as banks and financial intermediaries, the division of the annual installments usable starting from the year 2025 into further six annual installments of equal amount, replacing the original installment envisaged for these credits. The measure does not apply to subjects who have purchased the credit installments at a price equal to or greater than 75% of the amount of the corresponding deductions, provided that they send a specific communication to the Agency in which they declare this circumstance. The law delegated the definition of the communication model and the indication of the transmission methods to a provision of the Revenue Agency.
Terms of sending the communication
The communication form must be sent to the Agency, also through authorized intermediaries:
- from 3 to 31 December 2024, for credit installments already accepted, using the web service within the “Credit Transfer Platform”, the electronic flow (provision of 29 July 2021) or certified email
- starting from 3 December 2024, exclusively by the transferee, upon acceptance of the transfer, for the credit installments not yet accepted or purchased as of that date.
Failure to send the communication will result in the further division into six annual installments of the same amount, which are non-transferable and can only be used as compensation via the F24 form.
To allow the safe carrying out of the credit installment distribution operations already accepted, the provision specifies that the “Credit Transfer Platform” will not be available from 1st to 7th January 2025 and the credit installments for the years 2025 and subsequent years cannot be used as compensation by qualified entities, until 7 January 2025.
How will the new communication model specifically impact the transferability of tax credits between individuals and companies, considering the implications for both the Superbonus and Sismabonus?
## Interview: Navigating the New Landscape of Construction Tax Credits
**Welcome to World Today News.** Today, we delve into the intricacies of the recent changes surrounding construction tax credits in Italy, specifically the Superbonus, Sismabonus, and Bonus architectural barriers. Joining us today are two esteemed guests:
* **[Guest 1 Name & Title]:** An expert in financial regulations and banking practices.
* **[Guest 2 Name & Title]:** A legal professional specializing in tax law and construction incentives.
Let’s begin by understanding the context.
**Section 1: Understanding the Change**
**Interviewer:**
The recent announcement by the Revenue Agency introduces a new communication model for entities handling construction tax credit installments.
**[Guest 1]:** Can you shed light on the driving forces behind this change? What specific challenges or opportunities prompted the introduction of this new model?
**[Guest 2]:** From a legal standpoint, how does this change impact the existing framework surrounding the Superbonus, Sismabonus, and Bonus architectural barriers? What are the key legal ramifications for banks, intermediaries, and individuals who have already invested in these credits?
**Section 2: The Impact on Stakeholders**
**Interviewer:**
This change directly affects several stakeholders: banks, intermediaries, and even individuals benefiting from these tax credits.
**[Guest 1]:** How will this new system affect the way financial institutions handle these credits? What operational changes will be necessary for banks and intermediaries to comply with this new model?
**[Guest 2]:** Could you elaborate on how this change might impact individuals who have utilized these tax credits for home renovations? What steps should they take to ensure a seamless transition under the new system?
**Section 3: Navigating the Communication Model**
**Interviewer:**
The communication model itself is central to this change.
**[Guest 1]:** Could you explain the purpose of the communication model and how it streamlines the process for stakeholders? What are the key elements banks and intermediaries need to consider when completing this model?
**[Guest 2]:** The article mentions specific timelines for submitting these communication forms. Could you clarify the importance of these deadlines and the potential consequences of missing them?
**Guest 1 and 2:** (Optional cross-discussion)
What are your thoughts on the feasibility of these deadlines for various stakeholders? Do you foresee any potential bottlenecks or challenges in implementing this communication process?
**Section 4: Looking Ahead**
**Interviewer:**
let’s look at the broader picture.
**[Guest 1]:**
How might this change influence the future of construction tax credit programs in Italy? What insights can we glean from this evolution?
**[Guest 2]:**
Do you foresee any potential unintended consequences of this new model? What legal and regulatory adjustments might be necessary in the future to ensure the long-term effectiveness of these tax credit programs?
**Interviewer:**
Thank you both for your invaluable insights. This discussion sheds light on the complexities and opportunities presented by this new communication model, ultimately contributing to a more informed understanding
of the evolving landscape of construction tax credits in Italy.
