Construction

Superbonus Decree, OK by the Chamber: it is law. Here are the measures

Deductions for expenses incurred in 2024 relating to the Superbonus, Architectural Barrier Bonus and Sismabonus (including the Sismabonus purchases) are divided into 10 annual instalments, instead of 4/5 as at present

23 May 2024

Superbonus, Gentiloni "Il Governo fa bene a porvi rimedio"

2' min read

Key points

Deduction spread over ten years
From 2025, stop offsetting contributions for banks and insurance companies
Restructures, bonus drops to 36% from 2025 and then to 30% from 2028 to 2033
Fund for Superbonus interventions in earthquake-affected areas outside Abruzzo, Lazio, Marche and Umbria
Dormant chilas
Penalised credits at rock-bottom prices
Third sector, a fund for interventions without credit assignment

2' min read

Final green light from the Chamber of Deputies for the Superbonus Decree . The measure narrows the scope of the exemption, provided for by current legislation, from the general prohibition of exercising the option to transfer or discount in lieu of tax deductions. Here are some of the solutions envisaged.

Deduction spread over ten years

It is envisaged that deductions for expenses incurred in 2024 relating to the Superbonus, Architectural Barrier Bonus and Sismabonus (including the Sismabonus purchases) will be divided into 10 annual instalments, instead of 4/5 as currently envisaged.

From 2025 no more offsetting of contributions for banks and insurance companies

For banks, it will no longer be possible from 2025 to offset superbonus credits against social security debts. The rule, which also applies to financial institutions, does not affect natural persons. Violation of this rule results in the recovery of the unduly offset credit and the associated interest, as well as the application of a penalty.

Restructuring, bonus drops to 36% from 2025 and then to 30% from 2028 to 2033

A cut in the renovation bonus materialises as of 2028. From that year and until 2033, the bonus will no longer be 36%, but 30%.

Fund for Superbonus interventions in earthquake-affected areas other than Abruzzo, Lazio, Marche and Umbria

A fund is established with an endowment of €35 million for 2025, aimed at recognising a contribution in favour of persons incurring expenses for Superbonus interventions (both energy and earthquake-proof) on buildings damaged by earthquakes occurring since 1 April 2009, other than those located in Abruzzo, Lazio, Marche and Umbria.

Dormant kilas

Regarding the so-called dormant Cilas. The decree will, in fact, deprioritise superbonus commencement notices submitted by 16 February 2023, i.e. the date identified by the decree blocking transfers a year ago (Decree 11/2023).

Penalised credits at bargain prices

An anti-usury rule is also envisaged. Banks, insurance companies, and brokers who have purchased credits at a price of less than 75 per cent will have to apply the six-year apportionment to these instalments as of 2025. Credit instalments resulting from the new apportionment may not be further apportioned or assigned. The rule applies to credits generated as from May 2022. The new obligations are not triggered if banks and brokers have purchased the credits at a price equal to or greater than 75 per cent of the amount of the deductions and this is attested by a substitute declaration. It should be noted that market prices, for banks, have been higher than the threshold indicated by law (currently around 85%).

Third sector, a fund for interventions without credit assignment

A fund with an endowment of EUR 100 million for 2025 has been set up, aimed at recognising a contribution in favour of non-profit organisations, voluntary organisations (OdV) and social promotion associations (APS) for energy and structural upgrading work carried out on buildings entered in the balance sheet and used directly for carrying out their activities.