The Relaunch Decree admits the transfer of the super bonus at 110% but also of the ordinary bonuses recognized for renovations, facades or energy saving.
Connected to the deduction for renovation works is the so-called furniture bonus, i.e. the additional deduction of 50% recognized to those who renovate their property.
In this regard, there is a doubt whether the furniture bonus can be transferred together with the deduction due for the renovation works.
For the latter interventions, the transfer of the deduction is provided for by the Relaunch Decree.
The deduction for renovations
It is possible to unload 50% of the expenses incurred for renovation works from the tax, pursuant to Article 16-bis of Presidential Decree 917/86 (TUIR). The maximum deductible expense is 96,000 euros. The deduction is due in 10 annual installments of the same amount. Each year it contributes to the coverage of the income tax due; the excess cannot be recovered in the years to come; reimbursement cannot be requested either.
The deductible interventions include:
- ordinary maintenance;
- extraordinary maintenance;
- the restoration and conservative rehabilitation;
- building renovation.
Ordinary maintenance is facilitated only if carried out on the common parts of the condominium.
In common parlance, we tend to classify all the aforementioned interventions as “restructuring interventions”.
The following are an example of interventions falling within the aforementioned Article 16-bis:
- necessary for the reconstruction or restoration of the property damaged as a result of
calamitous events; - carried out to eliminate architectural barriers or aimed at promoting mobility
to people with severe disabilities (article 3, paragraph 3, of law no. 104/1992); - useful for preventing the risk of third parties carrying out illegal acts;
- aimed at the wiring of buildings and the containment of noise pollution;
- carried out for the achievement of energy savings;
- for the adoption of anti-seismic measures;
- of asbestos remediation e
- execution of works aimed at avoiding domestic accidents.
The mobile bonus
The so-called furniture bonus is connected to the deduction for renovations. The bonus consists of a 50% deduction for the purchase of furniture and large household appliances of a class not lower than A + (A for ovens. Furniture and household appliances intended for furnishing a property undergoing renovation.
As reiterated in the Revenue Agency Guide (Furniture and household appliance bonuses), in order to have the benefit it is essential:
- carry out a building renovation (and take advantage of the relative deduction),
- both on individual residential real estate units and on common parts of buildings, always residential.
Regardless of the amount of the expenses incurred for the renovation work, the 50% deduction must be calculated on a maximum amount of 10,000 euros. Referred overall to the expenses incurred for the purchase of furniture and large appliances. The deduction must be divided into ten equal annual installments.
Contrary to what happens for the renovation works:
- the deduction not used in whole or in part is not transferred either in the event of the taxpayer’s death
- nor in the event of the sale of the property subject to building renovation.
The transfer of the deduction for renovation works: the provisions of the Relaunch decree
Legislative Decree 34/2020, the so-called Relaunch decree, allows for the possibility of transferring the work bonus due.
In practice, the taxpayer, instead of benefiting from the deduction in the tax return, can opt:
- for a contribution, in the form of a discount applied by the supplier of the works (if he gives his consent);
- for the transformation of the corresponding amount into a tax credit, with the option of subsequent transfer to other subjects, including credit institutions and other financial intermediaries.
If the taxpayer opts for the discount, the supplier will recover it in the form of a tax credit that can be used in F24 or further transferable to other subjects.
Including credit institutions and other financial intermediaries.
In fact, with the option of subsequent assignments of this credit to other subjects. Including credit institutions and other financial intermediaries.
The assignment can be arranged in favor:
- the suppliers of the goods and services necessary for the implementation of the interventions;
- of other subjects (natural persons, including self-employed or business activities, companies and entities)
- of credit institutions and financial intermediaries.
In practice, the option can be made in relation to each state of progress of the work.
Deductions and transferable works
The transfer of the deduction is allowed for expenses incurred in 2020 and 2021 as well as for the 110% super bonus, also in reference to interventions of:
- building renovation (ordinary and extraordinary maintenance, etc.);
- ordinary energy savings (for example, replacement of heating systems or windows including fixtures);
- reduction of seismic risks (bonus earthquake);
- refurbishment of the facades (bonus facades);
- installation of photovoltaic systems;
- installation of charging stations for electric vehicles.
The deduction due for the purchase of anti-seismic houses is also transferable.
In fact, the aforementioned interventions are expressly cited by art. 122 of the Relaunch decree.
Transfer excluded for the furniture bonus
The cited article does not contain any reference to the mobile bonus.
In fact, for this deduction there is no possibility to opt for the sale or discount.
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