New deductions are coming to condominiums regarding the Superbonus. We must act now before the deadlines expire.
Super bonus
The stimulus decree introduced a benefit called Superbonus , which amplifies the deduction rate for expenses incurred for specific projects.
These projects promote energy efficiency, anti-seismic interventions, the installation of photovoltaic systems or electric vehicle charging infrastructure in buildings – up to a rate of 110% .
The Anima organization, along with its partners, played a key role in developing the protocols for the Superbonus program, which offers incentives for energy-efficient improvements.
Program participants can opt for a wire transfer or invoice discount, rather than tax deductions.
This represents an important opportunity to accelerate the revitalisation of existing buildings, aligning with Europe’s objectives and setting a precedent for other Member States to follow.
Now there is a problem: the Superbonus, as it was called, is gradually disappearing , while previously it allowed thousands of Italian citizens to carry out practical interventions at home with minimal or no costs.
However, the current situation is different, as we are now moving towards deductions or reimbursements spread over an extended period (generally around ten years).
The amount remains the same each year until the bonus is fully used.
The Revenue Agency has issued a circular containing a series of updates regarding deductions and new deadlines .
The most significant of these updates concerns the distribution of levies , which will now be spread over a period of ten years instead of four.
Superbonus: news from the Revenue Agency
Once this option is chosen, it cannot be changed to include other choices such as bank transfer or invoice discounts.
It is important to note that this option can only be exercised when filing your 2023 tax return .
Access to this option is available exclusively through this process.
If used during the 2022 tax period, it will not be necessary to indicate the first of the four payments required by the standard procedure in Form 730 or Income Tax .
Super bonus
This is because the choice to defer payment over four years excludes the possibility of opting for a period of ten years.
In addition, some changes have been made to the eligibility criteria for accessing available housing.
One of the main concerns raised by the Revenue Agency is the importance of CILAS , fundamental for access to the Superbonus.
In addition, energy efficiency projects must comply with the guidelines and deadlines established by the Agency.
The 110% deduction for the installation of photovoltaic systems has been extended to voluntary organizations, social promotion associations and non-profit organizations, provided that the installations take place on the physical buildings themselves, and not on adjoining surfaces.
Cilas and deadlines
However, deadlines can also be a source of stress and anxiety for those who struggle to meet them.
Cilas , on the other hand, can be a useful tool for managing stress and staying focused.
By taking short breaks to engage in Cilas, people can recharge and return to work with a renewed sense of energy .
It’s essential to find a balance between using deadlines for productivity and using eyelashes for mental well-being.
When it comes to accessing villa deductions , the eligibility conditions become stricter.
House money
For example, to benefit from the 90% reduction , individual income must not exceed 15,000 euros .
Furthermore, renovation work can only be carried out on the main residence.
Regarding the Superbonus deadlines, according to the circular of June 13, 2023, the 110% deduction is only guaranteed if the renovation work is completed before the end of September 2022. This deadline is set at 60% for condominiums and 30% for villas.
Furthermore, it is imperative that these missions be finalized by September 30, 2023. After this deadline, the Superbonus will still be applicable, but with a reduced deduction of 90% .
However, this figure will further decrease to 70% and 65% respectively in 2024 and 2025.
If the project belongs to a co-ownership, the CILAS must be filed no later than November 25 or December 31, 2022 .
However, if work begins in 2023 or later, the submission deadline may be extended, provided it is aligned with the pre-defined deadlines .