The 110% Superbonus - State aid for restorations in Italy -
The 110% Superbonus - State aid for restorations in Italy - Translation into English of the article, by google traslator, published today 20 May 2020, in il sole24
Superbonus 110% for renovations
The relaunch decree provides for a 110% superbonus for energy and earthquake redevelopment works. The green interventions financed with the superbonus must guarantee "the improvement of at least two energy classes to be demonstrated by means of the energy performance certificate (Ape)". The decree rule provides for the deduction of 110% of the expenses incurred between 1 July 2020 and 31 December 2021 for specific interventions aimed at increasing the energy efficiency of buildings (ecobonus), the reduction of seismic risk (sismabonus ) and for related interventions relating to the installation of photovoltaic systems and columns for charging electric vehicles. For these interventions, instead of the deduction, the taxpayer can opt for a contribution in the form of a discount on the invoice by the supplier, which can recover it in the form of a tax credit transferable to other subjects, including banks and financial intermediaries, or for the transformation into a tax credit.
The tax discount for works admitted to the eco-bonus and sismabonus is also recognized for interventions carried out on "second homes", provided that they are not single-family houses. Those who will issue unfaithful attestations and assertions for ecobonus and sismabonus boosted to 110% will risk a monetary sanction from a minimum of 2 thousand euros up to a maximum of 15 thousand euros for each attestation or unfaithful assertion issued to citizens who start the energy efficiency works and for building safety.