Bonus Ristrutturazioni Edilizie

BUILDING RENOVATION BONUS

WHAT IS THAT'?

The tax relief on building renovation interventions is governed by art. 16-bis of Presidential Decree 917/86 and consists in a deduction from the IRPEF of 36% of the expenses incurred, up to a total amount of the same not exceeding 48,000 euros per property unit.

However, for expenses incurred from June 26, 2012 to December 31, 2021, the deduction is raised to 50% and the maximum spending limit is 96,000 euros.

The deduction must be divided into 10 equal annual installments.

There is also an income tax deduction, up to a maximum amount of 96,000 euros, even for those who buy refurbished residential buildings.
In particular, the deduction is due in the case of restoration and conservative redevelopment and building renovation interventions, concerning entire buildings, carried out by construction or real estate renovation companies and by building cooperatives, which provide within 18 months from the date of completion of the works to the next alienation or assignment of the property.
Regardless of the value of the interventions performed, the buyer or assignee of the property must in any case calculate the deduction on a lump sum amount, equal to 25% of the sale or assignment price of the home (including VAT). This deduction must also be divided into 10 equal annual installments.

TRANSFER OF CREDIT AND OPTION FOR CONTRIBUTION IN THE FORM OF DISCOUNT

Pursuant to article 121 of the decree-law n. 34 of 2020 (the so-called Relaunch Decree), subjects who in the years 2020 and 2021 incur expenses for building renovation interventions can opt, instead of the direct use of the deduction due, alternatively:

for a contribution, in the form of a discount on the amount due, up to a maximum amount equal to the amount itself, advanced by the suppliers who carried out the interventions and recovered by the latter in the form of a tax credit, equal to the deduction due, with the right to subsequently assign the credit to other subjects, including credit institutions and other financial intermediaries
for the assignment of a tax credit of the same amount, with the right of subsequent assignment to other subjects, including credit institutions and other financial intermediaries.

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BONUS RISTRTTURAZIONI EDILIZIE.pdf