Introduced by the so-called "Relaunch Decree", the tax incentive allows to offset the expenses incurred, from 1 July 2020 to 31 December 2021, for interventions carry out on single real estate units or on multi-family buildings, yet functionally autonomous and with one or more independent accesses from the outside. Furthermore, even the expenses on the common parts in condominiums can be offset. These are just some of the clarifications that can be found in the 110% Superbonus guide, accessible on the Revenue Agency website.
An astonishing two-way tax credit – Indeed, individuals can offset 110% of qualified building renovation and energy efficiency costs incurred against their tax liabilities in five equal installments (up to certain thresholds). Yet, they can also opt to convert the ordinary tax credits connected with qualified building renovation and energy efficiency costs into either a transferable tax credit or a discount of the relevant cost applied by the service provider. In the last case, the transferable tax credit is granted to the service provider.
Allowed interventions and beneficiaries - The 110% Superbonus is primarily due to interventions aimed at increasing the energy efficiency of buildings and to anti-seismic works designed to reduce seismic risks. To these types of expenses, called "driving forces", are added other interventions, provided however that they are carried out jointly with at least one driving intervention. Particularly, into this category of additional works can fall the installation of photovoltaic systems connected to the electrical network on buildings and columns for charging electric vehicles. As regards the beneficiaries, the natural persons who own or hold the property, the condominiums, the autonomous institutes of public housing (IACP), cooperatives of undivided home, non-profit organizations and registered amateur sports associations and clubs, but for the sole works dedicated to the changing rooms, can all access the Superbonus. The guide clarifies that also IRES subjects (and, in general, business or professional income holders) can access the Superbonus, but only in case of shared costs for driving interventions, carried out on common parts in condominium buildings.