News about Superbonus 110%

| Insights

The 2021 Italian Budget Law (Legge di Bilancio) introduces innovations for what concerns the Superbonus, the maxi-tax advantage of 110%, formerly introduced by the “Decreto Rilancio”, which allows to deduct, sell or request the discount on the invoice against certain interventions on real estate.

Among the main innovations, the six-month extension of the deadline to take advantage of the maxi-deduction that slides from 31 December 2021 to 30 June 2022, a deadline which may be further extended to the end of 2022 for the interventions started in the first semester of 2022 and completed for at least 60%. In addition, the expenses incurred until 31 December 2021 will be deducted in five annual installments, while those incurred from 1 January 2022 until 30 June 2022 will be deducted in four constant annual installments.

Different deadlines for IACP buildings – Istituto Autonomo Case Popolari – or similar entities for which it will be possible to carry out upgrading and safety interventions, with advantage of the 110% deduction for the whole 2022 with an extension of an additional six months if 60% of the intervention has been completed by 31 December 2022.

Further innovations are those related the extension of the so-called “interventi trainanti” i.e., those interventions that can benefit from the 110% deduction. Among these:

  • interventions for the roof’s insulation without limits on the dispersing surface to the attic only;
  • the installation of solar photovoltaic systems on structures pertaining to buildings (such as garages).

In addition, the so-called “interventi trainati” i.e., those interventions that may benefit from the deduction as related to one or more “interventi trainanti”, are also extended. Among these:

  • works aimed to overcoming architectural barriers, both for the disabled and the over-65s;
  • the installation of recharging columns within precise budget caps.

Finally, the extension of the beneficiaries of the tax relief also includes individuals, outside the exercise of business, art, or profession, with reference to interventions on buildings consisting of two to four property units separately stacked, even if owned by a single owner or co-owned by several individuals.