Home renovations: the Superbonus cut. To 30% from 2028

If two pieces of evidence make a clue, the superbonus decree represents the first real test case for a rewrite of home-work benefits. The crackdown imposed on the assignment of credits in the text approved by the Senate for conversion is a clear sign of the government's intention to stop the circulation of tax money created by building work, which has ended up becoming a ballast for public accounts. Now, with the intervention contained in the executive's amendment, the basic tax relief for renovations, which is currently worth just under 9 billion deductions, will also come under the axe, according to the latest statistics on declarations submitted in 2023.

For this bonus, in fact, an unexpected cut materialises, albeit starting in 2028. From that year and until 2033, the relief will no longer be 36% but 30. It should be remembered, in this regard, that the renovation bonus is structurally financed at 36%: an amount that has been increased on several occasions. Currently, the discount is 50% until 31 December this year. In itself, therefore, the measure included in the executive's amendment has, for now, little immediate impact.

It appears, however, to be the first sign of the cut in tax expenditures towards which the sector seems to be heading. That is, it is increasingly likely that the next Budget Law will not intervene on the 50 per cent tax rebate, going along with the cut already envisaged in the law: this would change to 36 per cent from 2025 and then to 30 per cent from 2028. The expenditure ceilings also change in this context. From the current 96,000 euro, this will be reduced to half in January 2025: 48,000 euro. A limit that should be confirmed from 2028. It remains to be understood, only, how these reductions will fit in with the possible reorganisation of the home bonus, evoked by many and also necessary to comply with the Green Homes directive.