Budget 2022 Ecobonus, Sismabonus and Facade Bonus

In this context, particular attention deserves the extension of the recognition of "other" deductions with the provision of some changes, and in particular:

• the so-called "facade bonus", provides for the reduction of the deduction from 90% to 60%;
• the so-called "furniture bonus", in 2022 reduces the maximum eligible expenditure to €10,000;
• in terms of so-called "green bonus", the deduction is also recognized for 2022, 2023 and 2024;
• for the so-called "superbonus", the deduction is recognized with different terms and conditions based on the person incurring the expense and the building involved in the interventions.

Let's see in detail how the current situation looks in light of the tax advantages provided by the new Budget.

110% DEDUCTION

With regards to the 110% deduction referred to in art. 119, DL n. 34/2020 is a general confirmation of the subsidized interventions as well as the possibility of opting for the discount on the invoice/transfer of credit instead of using the due deduction in the tax return.

EXTENSION OF THE TERMS FOR SUPPORT OF subsidized expenses

The extension relating to the date of payment of expenses is not unique but differentiated based on the intervention, the subject and the property.

In particular, from thenew wording of paragraph 8-bisof the art. 119, it now appears that:

• for the "driving" interventions carried out by condominium owners and natural persons, outside of the exercise of business activities / self-employment on buildings composed of 2 to 4 distinctly registered real estate units, even if owned by a single owner or co-owned by several natural persons, the deduction is due with the following terms and in the following measures:
  • 110% for expenses incurred until 31.12.2023;
  • 70% for expenses incurredin 2024;

• the deduction is due in the amount of110% for expenses incurred up to 31.12.2022 for interventions "driving" carried out on the single real estate unit (so-called "villas")by natural persons, outside of the exercise of business activities / self-employment,provided that as of 30.6.2022the works have been carried out for at least 30%of the overall intervention;

RECOVERY OF "ORDINARY" BUILDING ASSETS

With the modification of the art. 16, paragraphs 1, 1-bis and 1-ter, DL n. 63/2013is extended from 31.12.2021 to 31.12.2024 the deadline within which the expenses relating to:

• recovery interventions on the building heritage to benefit from the deduction referred to in the art. 16-bis, TUIR in the amount of 50%, on the maximum amount of €96,000;
• interventions to adopt anti-seismic measures as per letter. i) of paragraph 1 of the aforementioned art. 16-bis on buildings in seismic risk zones 1, 2 and 3 used as homes or production activities.

This extension entails theextension to the same date(31.12.2024) also of:

• deductions referred to inparagraphs 1-quater and 1-quinquies of the aforementioned art. 16, due in the amount:
  • of 70% - 80% in the presence of a transition to 1 / 2 lower seismic risk classes;
  • of 75% - 85% when the aforementioned transition concerns interventions on the common parts of the condominium;

• deduction due for the so-called "purchase of earthquake-proof houses" referred to in paragraph 1-septies, i.e. in the presence of demolition and reconstruction of entire buildings with reduction of seismic risk carried out by the construction/renovation company that sells them within 30 months of the end of the works, for which the buyer is recognized the deduction of 75% - 85% of the purchase price, within the maximum spending limit of €96,000 per real estate unit.

"BONUS FACADES"

With the modification of the art. 1, paragraph 219, Law no. 160/2019, Financial Law 2020, the so-called "facade bonus", relating to the expenses for construction interventions on the opaque structures of the facade, on balconies / friezes / ornaments, including those of external cleaning or painting only, aimed at the recovery / restoration of the external facade of the buildings located in zone A (historic centres) or B (totally or partially built) referred to in Ministerial Decree no. 1444/68,is recognized at the rate of 60%(instead of 90%)for expenses incurred in 2022.

"FURNITURE BONUSES"

With the modification of the art. 16, paragraph 2, DL n. 63/2013, the so-called "furniture bonus"is extended to expenses incurred until 2024 with the following changes:

• the 50% deduction, in 10 annual installments (as in the past), applies to a maximum expenditure of:
  • €10,000 for 2022 (until 2020 it was €10,000 and in 2021 it was raised to €16,000);
  • €5,000 for 2023 and 2024;

regardless of the amount of "renovation" expenses preparatory to the bonus.

"GREEN BONUS"

With the modification of the art. 1, paragraph 12, Law no. 205/2017, Financial Law 2018, the c.d. "green bonus", i.e. the 36% deduction, on a maximum expenditure of €5,000 per real estate unit for residential use, relating to the interventions of:

• "green arrangement" of private uncovered areas of existing buildings, real estate units, appurtenances or fences, irrigation systems and construction of wells;
• creation of green roofs and hanging gardens;

it is also recognizedfor 2022,2023 and 2024.