Superbonus, here is the amendment: spreads, controls, banks, renovation bonus. All the novelties
The obligation to spread the Superbonus credits over 10 years will therefore only concern expenditure incurred in 2024. A 'limited' retroactivity, as the government tried to reassure after the alarm raised by banks, businesses and builders in the face of the new squeeze to limit the impact of the superbonus avalanche on public accounts, starting with debt. The blue deputy prime minister was 'perplexed' about the credit spread. The minister's reply: 'I defend Italy's interests'.
by Giuseppe Latour and Giovanni Parente
4' min read
Key points
- Superbonus bill, 10-year instalments for 12 billion deductions
- From 2025, stop offsetting contributions for banks and insurance companies
- Bank loan rescheduling: from 2025 split into 6 equal annual instalments
- 35 million fund for redevelopment in areas affected by minor earthquakes
- The four points anticipated by the rapporteur of the decree
- Tajani: perplexed about Giorgetti's Superbonus retroactivity
- Giorgetti: Tajani on superbonus? I defend Italy's interests
- Tajani: never consulted by Giorgetti on Superbonus
- Confindustria's no
4' min read
The government's amendment to the Superbonus Decree has been stamped out. The six-page text also contains the rule that for Superbonus-related expenses incurred in the year 2024 the deduction will be divided 'in ten equal annual instalments'. The novelty, therefore, will be retroactive and will also apply to the seismbonus. For banks, from 2025, there will be a stop to the offsetting of instalments linked to all tax credits with social security debts. Municipal controls on tax rebates start and the cut of the renovation bonus from 50 per cent to 30 per cent from 2028.
Superbonus, ten-year instalments for 12 billion deductions
The deductibility over ten years of the expenses for interventions with the Superbonus concerns an amount of usable deductions equal to almost 12 billion between 2024 and 2025. This emerges from the technical report to the government amendment to the superbonus decree that arrived in the night, introducing the measure. "For the purposes of the estimate, the amount of usable deductions for the year 2024 amounting to approximately EUR 6,211 million and for the year 2025 amounting to approximately EUR 5,780 million, discounted in the budget forecasts, were considered," it reads. The novelty also applies to seismbonus expenses, normally spread over five years, and to those related to the architectural barriers bonus.
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The rule, however, states that the allocation of tax credits will no longer follow the allocation of deductions. The division into four annual instalments for the superbonus and five annual instalments for the seismbonus will continue.
From 2025, stop offsetting 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.
The anti-usury standard
.Here comes the anti-usury rule. Banks, insurance companies and brokers who have purchased credits at a rate of less than 75 per cent (usually the superbonus has been sold at rates of around 85 per cent) from the year 2025 onwards will have to apply to these instalments the apportionment into 6 equal annual instalments: the credit instalments resulting from the new apportionment cannot be sold to other parties, or further apportioned. The rule applies, however, only to credits with an identification code, i.e. generated from May 2022 onwards.
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