Risk of penalties for the home bonus: residency required to obtain the 50% deduction
The differentiated cut of the house bonus introduced by budget law provides a deduction to 50% for the first house et al 36% for the second homebut it could penalize those who, during the renovation works, fail to take up residence in the property in time. This could reduce the deduction from 50% to 36%.
The law establishes that the highest deductions apply to expenses “incurred by the holders of the right of ownership or of a real right of enjoyment for interventions on the real estate unit used as a main residence”. Without an interpretative or regulatory clarification, those who are unable to transfer their residence due to work could see the reduced rate reserved for second homes applied.
Construction Confederation highlights the problem and recalls the interpretation provided in 2023 byRevenue Agency on the superbonus: in that case, the Agency had clarified that, if the property is not used as a main residence at the start of the works, the deduction can still be applied as long as it becomes a main residence at the end of the works.
A regulatory clarification would be essential to prevent the timing problem penalize owners unfairly.