The Superbonus from 110 to 70% in 2024, here’s how it works and what the requirements are.
The Super bonus, an initiative born in the Covid-19 emergency climate, is seeing a gradual decrease. Starting from 2024the deduction will drop to 70%and then further reduced to 65% In the 2025. This reduction potentially marks the end of a period of generous tax breaks, unless the Parliament or the government do not decide to intervene with extensions or protective measures, in particular for works in the condominium context.
The recent agreement brings support measures for those with low incomes and introduces an amnesty to avoid refunds in case of work not completed by the deadline. This aid is particularly aimed at supporting those who, due to various difficulties, are unable to complete the works by the deadline of 31 December, thus guaranteeing a certain flexibility and continuity in construction subsidies, despite the reduction expected for 2024.
How the 2024 Superbonus works
The 2024 Superbonus allows beneficiaries to benefit from the tax deduction through their tax return. This benefit can be deferred over 10 years, making it easier for taxpayers to benefit from the deduction, starting from expenses incurred in 2023 and deductible from 2024.
What are the requirements
The subjects who can benefit from the 2024 Superbonus include condominiums, natural persons outside the exercise of business activities, autonomous public housing institutes (IACP), undivided ownership housing cooperatives, non-profit organisations, voluntary and social promotion associations, and amateur sports associations and clubs for specific jobs. IRES entities are also beneficiaries, limited to participation in leading interventions on common parts of condominium buildings
110% super bonus for certified interventions by 31 December 2023
To benefit from the 110% rate for Superbonus interventions, some specific obligations are necessary by 31 December 2023. It is essential that there is an alignment between payments, execution of the works, and the issuing of invoices to the within the same fiscal year. All works and related payments must actually be carried out by the end of 2023 to access the 110% rate. The certification can also be registered in 2024, as long as it is within 90 days of the end of the works, and must certify that everything took place by 31 December 2023.
Ecobonus and Sismabonus
The Super bonus it will adapt to the new realities, surviving mainly in seismic areas with specific percentages for condominiums. At the same time, the Sismabonus el’Ecobonus offer competitive alternatives. While the Sismabonus provides deductions of up to 85% for specific anti-seismic improvements, theEcobonus offers variable percentages up to 75% for energy improvements, particularly focused on condominium buildings.
Competitiveness of the architectural barrier bonus
In this scenario, the Architectural Barriers Bonus emerges with a percentage of 75%, representing a competitive alternative, above all for its flexibility in terms of invoice discount or credit transfer. This bonus applies to a wide range of interventions, including those that improve the accessibility and liveability of living spaces.
In addition to the main bonuses, there are other benefits such as green bonus and the mobile bonuses, which continue to provide incentives for specific domestic interventions. The multiplicity of these discounts highlights a trend towards a diversification of housing improvement options, albeit in the context of a progressive reduction of the Superbonus.