The Revenue Agency with the response toruling no. 557 of 23 November 2020, provides useful clarifications regarding the so-called “purchase bonus earthquake”.
This is a facility whose beneficiaries, unlike the normal “bonus earthquake”, are the buyers of the new real estate units, and not the person carrying out the intervention.
The taxpayer’s question
The instant, a real estate construction and renovation company, owns a plot of land that includes an abandoned industrial building that it intends to demolish to subsequently construct three multi-family residential buildings, reducing the seismic risk of two classes.
That said, the petitioner asks the Revenue Agency what is the latest date to use the benefit in question. In particular, he asked whether definitive purchases made after 31 December 2021 could be facilitated, but within 18 months from the end of the works.
Sisma Bonus Purchases
The “bonus earthquake purchases” differs from the normal “bonus earthquake” in that the beneficiaries of the tax relief are the buyers of the new real estate units, and not those who carry out the intervention.
The Facilitation is up to the buyers of the new real estate units built even with a different volume compared to the pre-existing structure, on the rubble of buildings demolished and rebuilt with the aim of reducing the seismic risk, located in the areas classified as seismic risk 1, 2 and 3 .
The benefit consists of a tax deduction equal to:
- 75% of the purchase price if the transition to a lower risk class results from the intervention;
- 85% if due to the works, two risk classes are reduced.
Finally, real estate construction companies must necessarily sell the property within 18 months from the date of completion of the works.
Response of Hades
According to the provisions of the so-called bonus earthquake, the concession is in effect from January 1, 2017 to December 31, 2021.
The Revenue Agency, therefore, believes that, in order for the buyers of real estate units to benefit from the deduction provided for by Article 16, paragraph 1-septies of Law Decree 63 of 2013, it is necessary that the deed of purchase relating to the properties subject of the works is stipulated by 31 December 2021.
In other words, the 18 months granted to builders for the resale of properties do not count.
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