Super bonus 110%

To provide clarification regarding the 110% Superbonus, here are the answers to some of the most frequently asked questions.

{gallery}superbonus{/gallery}

FAQ. n.1. How does the superbonus work?

The Superbonus is a relief provided by the Relaunch Decree which raises to 110% the deduction rate of expenses incurred from 1 July 2020 to 31 December 2021, for specific interventions in the field of energy efficiency, anti-seismic interventions, installation of photovoltaic systems or infrastructures for charging electric vehicles in buildings. The new measures are in addition to the deductions foreseen for the recovery of the building heritage, including those for the reduction of seismic risk (so-called Sismabonus) and energy requalification of buildings (so-called Ecobonus). Among the new features introduced, there is the possibility, instead of directly using the deduction, to opt for an advance contribution in the form of a discount from suppliers of goods or services or, alternatively, for the transfer of the credit corresponding to the deduction due.

FAQ. n.2. What are the main so-called driving interventions?

The main interventions are:

• thermal insulation interventions on the casings
• replacement of winter air conditioning systems in common areas
• replacement of winter air conditioning systems on single-family buildings or on the real estate units of functionally independent multi-family buildings
• anti-seismic interventions: the deduction already foreseen by the Sismabonus is increased to 110% for expenses incurred from 1 July 2020 to 31 December 2021.

FAQ. n. 3. What is the invoice discount and how does it work?

The discount on the invoice is one of the 2 alternative methods to the direct deduction for doors to benefit from the relief recognized for the renovation and redevelopment of existing buildings. The person entitled to the deduction will be able to "contract the works for 100" and collect a discount of the same amount from the supplier (or to a lesser extent). The latter will be able to deduct, again in 5 years, the discounted amount, or make use of a subsequent transfer of the credit to the bank, giving a tax credit of 110.

FAQ. n.4. How does credit transfer work? 

The assignment of credit is nothing more than a bilateral agreement through which the assignor transfers his credit towards a debtor to another person, assignee. 

Let's take an example to explain this other alternative measure to the direct deduction in a simple way:

Tizio entrusts the renovation work on his house to Caio's company.
Tizio, being the beneficiary of the Superbonus, boasts a credit towards the State. With the 110% Ecobonus, Tizio is given the possibility of transferring his credit to Luca, so that the State can reimburse the company directly instead of the citizen who commissioned the work. The implementing measures of the Revenue Agency have also confirmed the possibility of being able to exploit the Work Progress Balance, i.e. a "transfer of credit in installments", for each state of progress of the works (minimum 30% and for a maximum of 2 times). 

FAQ n.5. In the event of the acquisition of a property through inheritance, are the remaining portions of the Superbonus transferred?

With regard to the energy efficiency interventions (driving or towed) referred to in paragraphs 1 and 2 of article 119 of the Relaunch Decree, as established in article 9 of the decree of the Minister of Economic Development, in the event of the death of the entitled person, the use of the tax benefit is transmitted, in full, exclusively to the heir who retains material and direct possession of the asset. A similar procedure is also envisaged with reference to anti-seismic interventions eligible for the Superbonus pursuant to paragraph 4 of the art. 119. These interventions are identified in article 16 of legislative decree no. 63 of 2013.

FAQ n.6. Can I carry out multiple driving interventions at the same time? 

Yes. As clarified in the Revenue Agency circular dated 8 August 2020, n. 24/E “In the event that multiple subsidized interventions are carried out on the same property, the maximum limit of deductible expenditure will be the sum of the amounts foreseen for each of the interventions carried out.”

FAQ n.7. Can I access the Superbonus even if I don't own the property but have a loan for use contract? 

Yes, provided that the loan agreement is duly registered at the time the works begin or at the time the expenses are incurred if earlier, and that the loanee has the owner's consent to the execution of the works. 

FAQ n.8. How must the expenses for carrying out the interventions be paid to benefit from the Superbonus?

Payment must be made by bank or postal transfer which shows the reason for the payment, the tax code of the beneficiary of the deduction and the VAT number, or the tax code of the person in favor of whom the transfer is made. The obligation to make payment by bank transfer does not apply to entities carrying out business activities.

FAQ. n. 9. On which properties is it possible to intervene?

You can take advantage of the discount on:

• first and second homes in condominiums;
• first and second single-family homes
• internal units in multi-family buildings, but with functional independence and independent entrance (I invite you to read this article on the clarifications of the real estate aspects given by the Revenue Agency).

It is not possible to carry out work on buildings that fall into the cadastral categories A1, A8, A9 (elegant villas and castles).
The great news is precisely the possibility of redeveloping second homes with the Ecobonus.

FAQ n.10. If I want to change my old boiler with a class A one and at the same time I want to change the windows, are the deductions both 110%?

Yes. If you replace the winter air conditioning system of a condominium, a single-family building, or a real estate unit located within multi-family buildings that is functionally independent and has one or more independent accesses from the outside, you are entitled to the 110% Superbonus, as it is a so-called "driving" intervention. Even the costs for windows and doors will be able to benefit from the 110% deduction (so-called "driven" intervention) if carried out together with the leading intervention and provided that the interventions ensure, as a whole, the improvement of two energy classes or, where not possible, the achievement of the highest energy class.
As specified in circular no. 24/E of 2020, the higher rate applies to driven interventions provided that the interventions are actually concluded. The interventions are considered to have been carried out jointly when the dates of the expenses incurred for the driven interventions fall within the time interval identified by the start date and the end date of the works for the implementation of the leading interventions eligible for the Superbonus. The achievement of the improvement of two energy classes must be certified through energy performance certificates (A.P.E.), according to the indications of the decree of the Minister of Economic Development.

FAQ. n.11. The Superbonus is only available if the thermal insulation interventions are carried out on the entire condominium building or it is also available to who intends to do the thermal insulation in the individual housing units?

The Superbonus is only available if the thermal insulation intervention involves 25 percent of the overall gross dispersing surface of the building itself and involves the improvement of two energy classes of the entire building. Therefore, the single unit (regardless of any necessary assembly approvals) should carry out an intervention that satisfies both the aforementioned requirements. Differently, in the presence of real estate units located within multi-family buildings that are functionally independent and have one or more independent accesses (as in the case of so-called horizontal condominiums), the Superbonus is entitled even if the thermal insulation intervention is carried out on the single housing unit. It remains understood that the intervention must affect more than 25% of the overall gross dispersing surface of the real estate unit subject to the intervention and must achieve the improvement of two energy classes to be demonstrated through specific energy performance certificates (A.P.E.).

FAQ. n.12. Is it possible to apply the Superbonus to the costs of painting the external facade of a building incurred in 2020? 

No, this type of intervention does not fall within the scope of the standard. It is possible, however, to take advantage of the "facade bonus" in the amount of 90% of the documented expenses incurred in the year 2020. Also for these expenses, the taxpayer can also choose whether to opt for the so-called "invoice discount", i.e. a contribution, in the form of a discount on the amount due, of a maximum amount not exceeding the amount itself, advanced by the supplier of goods and services, or for the transfer of a tax credit corresponding to the deduction due to others subjects, including credit institutions and other financial intermediaries.

FAQ. n.13. Can I access the superbonus for my second home? 

Yes, the limitation, which emerged during the legislative process for approving the law, referring to the applicability of the Superbonus to interventions carried out on individual real estate units used as main residences, has been eliminated.

FAQ. n.14. What are the supported interventions?

The following interventions are considered driven:

- energy efficiency interventions;
- the installation of photovoltaic solar systems;
- the installation of infrastructures for charging electric vehicles.