Superbonus 110% how it works, what it consists of and how it is possible to obtain the maxi-deduction provided by the Government for energy improvement interventions in buildings. An easy guide for those who still can’t juggle the bureaucracy!
They call it Supebonus not by chance. With a provision contained in the Relaunch Decree of last May and further specified in the so-called August Decree, the Government has provided for an unprecedented deduction rate – 110% – for expenses incurred on specific building improvement interventions with a view to safety and environmental sustainability.
What is the Superbonus for?
The initiative was designed, on the one hand, to encourage citizens to make their homes more efficient, and on the other to contribute to the economic recovery of the construction sector after the crisis due to the health emergency caused by Covid-19.
Circular no. 24 / E, issued by the Revenue Agency on 20 August 2020, he provided several clarifications on the usability of the Superbonus. The buildings concerned, the deductible expenses, the implementation times and the tax periods.
The measure is added to the deductions envisaged for the restoration of the building heritage, including those for the reduction of seismic risk (Sismabonus) and energy requalification of buildings (Ecobonus).
Among the innovations introduced, the possibility, instead of the direct use of the deduction, is provided to opt for an advance contribution. This must be in the form of a discount from the suppliers of goods or services or for the assignment of credit (in favor of suppliers, banks or financial intermediaries, other natural persons, companies or entities) corresponding to the established deduction.
What are the facilitated interventions
Access to the Ecobonus is guaranteed to a series of “driving” interventions, aimed at thermal insulation, the replacement of heating systems and the anti-seismic improvement of buildings.
If carried out in conjunction with this type of work, the deduction rises to 110% also for other additional interventions, aimed at energy efficiency.
Main or driving interventions:
a) thermal insulation interventions on the casings;
b) replacement of the winter air conditioning systems on the common parts;
c) replacement of winter air conditioning systems on single-family buildings or on real estate units of independent multi-family buildings;
d) anti-seismic interventions: the deduction already provided for by the Sismabonus is raised to 110% for expenses incurred from 1 July 2020 to 31 December 2021.
Additional interventions
Expenses for interventions carried out together with at least one of the main interventions also fall within the Superbonus. Specifically, they include:
a) energy efficiency measures;
b) installation of photovoltaic solar systems;
c) infrastructure for recharging electric vehicles.
Superbonus 110%, how it works. Here is the easy guide
Natural persons who own or hold the property (for example owners, naked owners, usufructuaries, tenants) can access the Superbonus. But also condominiums, autonomous public housing institutes (IACP), housing cooperatives with undivided ownership. Even non-profit organizations, associations and registered amateur sports clubs, but only for the works dedicated to changing rooms.
Potential beneficiaries of the deduction are also family members and cohabitants of the owner or holder of a home and future owners of a property. As long as they are the ones who actually pay for it.
The deduction is granted on condition that the regularity of the interventions is confirmed by qualified professionals. They must also certify the appropriateness of the expenses incurred with the subsidized interventions.
As for the amount of the maximum expenditure to be incurred in order to then take advantage of the bonus, its amount varies according to the type of building on which the work is carried out.
How to request the deduction
How does the 110% Superbonus deduction work? It can be requested for documented expenses, incurred by the taxpayer from 1 July 2020 to 31 December 2021, and is recoverable at 110% over 5 years.
It will be possible to request it online, using the approved model attached to the circular of the Revenue Agency, starting from October 15, 2020 and by March 16 of the year following the one in which the expense is incurred.
In order to opt for the discount on the invoice and credit transfer, it will be necessary to have a compliance certificate from a person authorized to transmit the declarations (accountant, labor consultant, expert, director of Caf). These must certify the existence of the necessary conditions, in addition to the certification of the interventions issued by a qualified technician.
The relative data must be transmitted electronically to Enea, which will carry out random checks on the regularity of the certification and on the actual fulfillment of the required requirements.
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