The Superbonus 110% has been extended, at least informally. The renewal, after a long wait, comes thanks to the Nadef approved last year 29 September by the Council of Ministers. The Update Note to the 2021 Economics and Finance Document puts an end to uncertainty about fate of the father of home renovation bonuses.
We said, at least in an informal way. Yes, because the actual extension it will have to re-enter the new one Budget Law 2022 to be defined by the end of December 2021, but expected in “draft” version as early as October.
In any case, Nadef deserves credit for having resolved the unfortunate question on the resources to be allocated to the extension of the facility thanks to the forecast of a amount of funds aimed at financing the Superbonus 110% at least until 2024.
But the news at Superbonus 110% certainly does not end here. The measure, taking advantage of the renewal, will come renewed from top to bottom with a view to extend the audience of beneficiaries, give less binding requirements access e simplify the cumbersome application procedure.
In short, a real reform process will invest the Superbonus 110% by retouching the old legislation in order toalso widen the basin of cadastral categories admitted to the benefit.
Road cleared to the CILA Superbonus 110% (CILAS) on the front of the documentation to be presented to access the facility, in place of the certification of the legitimate state of the property which will permanently close its doors.
Another important change will concern thetowing and towing ivory to ensure that they can be covered by the Superbonus 110% with fewer requirements to be met.
Finally, a significant retouch is made to everything advantage of those who buy a property classified as a “first home” on which they are made renovation works taking advantage of the Superbonus 110%. In this case, the time required for the change of residence is extended.
For more information on recent August updates on Superbonus 110% we recommend watching an interesting YouTube video of the surveyor Danilo Torresi’s channel.
Superbonus 110%: Nadef ok to renewal funds. Extension to 2023 or 2024?
The long-awaited extension of the Superbonus 110% has been established, despite the many uncertainties regarding its renewal dictated by the fear of insufficient funds to keep him alive.
The surprise was announced with the Update to the Document of Economy and Finance 2021 (Nadef): the Superbonus 110% has been renewed for a longer time horizon than could have been imagined: until 2024.
A real surprise when we consider the previous statements by the premier. The former governor of the European Central Bank (ECB), Mario Draghi, a few months ago, at the time of completion of the Sostegni bis Decree, had anticipated the” hypothesis of two possible extensions for the Superbonus 110%.
The first extension to 2023, contemplated in the Sostegni bis Decree, the second to 2024 in the new 2022 Budget Law.
We know very well how things went about the extension of the Superbonus 110% hypothesized in the second Sostegni Decree.
Per scarcity of available resources, he first portrait as stated announcing that the extension could not have gone beyond 2023 and which would be introduced in the 2022 Budget Maneuver, scheduled for the end of December 2021.
However, the Nadef to outline a more optimistic future for Superbonus 110%. In the introduction, to the ninth page of the document official, we read that many measures of “social and economic importance” will be renewed, paying attention to those facilities aimed at making the improvement of the properties feasible in terms of energy efficiency.
These they will continue to remain alive for the three-year period 2022/2024. And in the reference of the Nadef it seems to fall the Superbonus 110%, even if it is not explicitly indicated.
If you think, however, that the Superbonus 110% is the main measure of home renovation bonuses, introduced to improve the energy requalification of buildings, the extension to 2024 would also concern the Superbonus 110%.
To make this reference even more certain, it is what was established by a other document: the National Recovery and Resilience Plan (PNRR).
Superbonus 110%: on the joint extension of the commitment of Nadef and PNRR
The most attentive to the issue will know very well that the Prime Minister, Mario Draghi, he immediately declared averse to bonuses, for the waste of public money that goes to negatively affect the speakers of the state.
Sounds strange, therefore, how the government control room itself is sided in favor of renewal for another three years of the Superbonus 110%, among other things very expensive.
The motivation is linked to the National Recovery and Resilience Plan (PNRR). A step back in time will allow us to understand what we are talking about.
The economic crisis that flared up on the Italian territory, following the epidemiological emergency from Covid-19, has pushed countries to draw money from special funds made available by the European Union (EU), the now famous Recovery Fund.
EU member countries have been called to prepare a document, a sort of balance sheet, in which the spending intentions of the economic allocation provided by the Recovery Found, in addition to the action plans, the Reforms to be implemented and the orgoals to be achieved in the long term.
Italy drafted the PNRR. With the plan presented to revive the economy he took a series of commitments to be implemented by 2025 and concerning the carrying out works that may lead to an improvement of the properties, at least 50%, present on the territory of the peninsula in terms of energy efficiency.
But the energy efficiency interventions imply the realization dthe very complex and expensive renovations from the economic point of view they are at the moment covered by the Superbonus 110%. The measure, in fact, provides for a 110% state funding, so completely free for the beneficiary, for the finalization of the works.
Here is explained because the Draghi executive cares about the fate of the 110% Superbonus: without the subsidy the energy requalification commitments could not be honored of the buildings described in the PNRR as the interventions are too expensive.
The PNRR, being more specific than Nadef, is openly revealed the Government’s commitment to extend the survival of the Superbonus 110% until 2024, thanks to the resources provided for in the Update Note to the 2021 Economic and Finance Document.
Now it remains to be seen whether this extension to 2024 will definitively find its place in the new Budget Law 2022, or if it will proceed step by step: a first renewal of the 110% Superbonus to 2023, the rest will then see.
Superbonus 110%: what are the deadlines in force?
Clarified that the Superbonus 110% it will certainly not have a short life, even if everything will be formalized before the end of 2021, with the new Budget Maneuver, let’s stick to what for the moment are the deadlines in force.
The deadline for taking advantage of the facility varies depending on the type of property for which recognition of the Superbonus 110% is required.
The benefit can be requested up to the date of June 30, 2021 for single-family buildings. Separate discussion for i condominiums, with extended maturity until the end of 2022.
It is even further away the deadline for IACPs (Autonomous Institute of Popular Houses): it will be possible request the 110% Superbonus until 30 June 2023 taking advantage of the chance it provides the completion of the works before December 31st in case the 60% of the work is completed by the deadline set in June.
Superbonus 110% brand new? Here’s how it changes
Having dealt with the discussion on the extension of the Superbonus 110%, let’s see together which ones major adjustments to the discipline of facilitation were decided by the Draghi government.
Let’s start with the bureaucratic simplification carried out by putting aside the legitimate status of the property. Its place is taken by a new document, the CILAS.
A simple one model of no more than 9 sheets which does not cause particular compilation problems. No graphic documentation should be attached to the document, but only a simple one project report, a sort of outline description of the work to be carried out.
Not only that, the changes to the legislation allow the Superbonus 110% to embrace new cadastral categories (B/1, B/2, e D/4) previously excluded from the benefit, again in compliance with specific requirements.
Between these, the members of the Board of Directors are not allowed to receive income from the activity performed, while the documentation to be presented must be accompanied by thedeed of ownership of the property or any certificate proving theusufruct or the loan for use.
Other changes have been introduced for i towing and towed work. For the former it is decided that the thermal coat as an exception to the distances between buildings.
For the latter, however, it is established that works concerning theremoval of architectural barriers can be realized without the building being inhabited by disabled people, enough only one tenant with at least 65 years of age.
Space also ad a new change another interesting intervention: in the zone A of the historic center they can install solar panels if integrated and not reflective.
Finally, but not in order of importance, the term for is revised move the residence when buying a “first home” and at the same time you benefit from the Superbonus 110%. In this case you no longer have 18 months to make the change of residence but 30.
Superbonus 110%: how to use it?
The Superbonus 110% is the only discount included in the restructuring bonus package that can be used as a discount on the invoice, fiscal detraction and credit transfer.
In the first case, the owner of the property will be able to carry out the work without putting your wallet in your hands. In fact, it is up to the company in charge of the restructuring to anticipate the costs incurred for the interventions.
This can choose to wait for the refund expenses advanced by the state as a tax credit, or to assign credit to a bank.
In any case it can be done recourse to the personal income tax deduction. The owner of the property pays the costs incurred for carrying out the work. He will later get the refund as a tax discount, spread over 5 years.
Even those who opt for the tax deduction can take advantage of the credit transfer.
Journalistic collaborator, born in 1985.
I have a master’s degree in Applied Economics from theUniversity of Calabria. At the end of the university course, I deepened the skills acquired in the field Finance and Statistics at some commercial firms. Currently, I collaborate with various online newspapers for which I write, with flexibility, on topics ranging from economics to politics, from the world of school to that of public administration. Passions? Writing in the first place, graphics in secundis!