Home Bonus, with the return to 36% the risk of undeclared work increases
Confirmation of the 50 per cent deduction for main dwellings only announced. It will be difficult to draw an exact boundary from the outset between fully subsidised and reduced-discount properties
by Dario Aquaro and Cristiano Dell'Oste
3' min read
3' min read
Granting the 50% renovation bonus only to 'first homes' from 2025 means uncovering a Pandora's box. If the experience of the last few years teaches anything, one can bet that the special cases, dubious situations and exceptions will be many: is the house in which a child resides subsidised? Does the destination have to remain the same for the entire deduction period? Is there an incentive to work on newly purchased housing in which one does not yet live? What if the spouses reside in different dwellings?
In view of the Budget manoeuvre, the government's initial indications are that the current level of deduction (50% up to 96 thousand euro of expenditure) will be maintained only for main homes, leaving 36% (on a maximum expenditure of 48 thousand euro) for the others.
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Of course, it will be necessary to await the approval of the bill by Parliament in order to frame next year's benefits with certainty. But some points are clear as of now.
The link with the 'first home'
.First. Tying the size of the bonus to the destination of the dwelling is unprecedented in the panorama of building deductions.
There are already other benefits linked to the use of a house as a main home (e.g. the deduction for Irpef purposes and the deduction of mortgage interest), but they have specific rules that have been stratified over time by a succession of circulars, interpellations and ministerial instructions. Suffice it to think that, in the 730 tax return, an uncle can, under certain conditions, indicate as 'main home' the house in which only his nephew resides. Or that, for Imu, a husband and wife can have two separate 'first homes', both exempt from property tax (a principle sanctioned by the Supreme Court).
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