The legislation on the superbonus allows the possibility of transferring the accrued credit to banks or other financial intermediaries. But how does the transfer of credit work?
Article 119 of the relaunch decree introduced the ecobonus 110, the 110 percent deduction on expenses incurred for specific interventions in the field of energy efficiency, anti-seismic interventions, installation of photovoltaic systems or infrastructure for charging electric vehicles in buildings.
{gallery}credit transfer{/gallery}
Among the new features introduced, the possibility of opting, instead of the deduction in the 730 model or a discount on the invoice, also for the assignment of the accrued credit to banks or other financial intermediaries. The decision to opt for the assignment of the credit can be communicated to theRevenue Agency starting from October 15th with a specific form. In recent weeks the most important banking and insurance institutions on the market have presented theirs offers for the transfer of credit of the 110 percent ecobonus.
In particular, how can banks encourage the implementation of interventions facilitated by the tax bonus?
In three ways:
But what does it mean to give the tax credit to the banks?
The beneficiary of the Superbonus can opt for the transfer of the tax credit to the bank to obtain immediate liquidity, without the need to recover the tax benefit in the tax return, to offset the taxes to be paid over the following five years. In order to transfer the tax credit to the banks it is necessary that the invoices relating to the balance or the progress reports of the works (SAL) have already been paid, which cannot be more than two for each overall intervention and each of which must refer to at least 30 percent of the same intervention.
What to present to the bank to assign the credit?
To complete the tax credit discount or financing operation, banks ask the beneficiary of the Superbonus who intends to transfer the tax credit essentially the documentation that he uses for the recognition of the tax benefit.
The option for the transfer, after having stipulated a specific contract with the bank, must be exercised within the specific web platform of the Revenue Agency, which will allow the bank to accept the tax credit.
Grimaldi Padua
Padua - 35137 - Via G. Matteotti, 27
e-mail: padovacentro@grimaldifranchising.it
Tel. +39 49 663 033 - VAT number 05301660287
Grimaldi Cadoneghe
Cadoneghe (PD) - 35010 - Via G. Franco, 2/A
e-mail: cadoneghe@grimaldifranchising.it
tel. +39 049 88 736 56 - VAT number 05322440289