BG ITALIA

What is the Superbonus?

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The Superbonus is a recent tax break introduced by the Italian Government in the Decreto Rilancio which sets the tax credit % at 110%.

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Can Non Reisdents benefit? 

NON RESIDENTS can also qualify for such tax break.

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What expenditure qualifies for this tax break ? 

Works completed and paid for between 1st July 2020 to 31st December 2021

Works that can be classified as:

• Energy efficiency improvements

• Structural seismic improvements

• Solar panels

• Electric car charging stations

• Double glazed window

Each classification has a maximum expenditure cap.

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INSULATED COATING 

nsulated coating expenditure (external coating, floor insulation) cap is  € 50.000 per house unit, reduced to  € 40.000 per unit if the unit is located in a condominium.

 

CONDOMINIUM HEATING SYSTEM

If you live in a condominium, the centralized heating system attracts a tax credit capped at € 20.000 per house unit as long as the condominium has 8 units or less; € 15.000 if the condominium has more than 8 units.

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INDEPENDENT HOUSE HEATING SYSTEM

It is possible to benefit of the 110% Superbonus tax credit capped at € 30.000.

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SEISMIC STRUCTURAL IMPROVEMENTS

The Seismic structural improvements has been existing for few years; now this bonus has been included in the Superbonus attracting a 110% tax credit.The cap for such expenses is € 96.000 per house unit.In order to benefit of such tax credits you must own a property in a qualifying municipality, as well as improve its seismic responsiveness of at least one category.

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The Superbonus, substitutes the Ecobonus and the Sismabonus.

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Conditions that need to be met in order to benefit.

You have to own a property in Italy, the works completed have to be able to improve the energy certificate class by at least one level, this has to be certified. In the case of the Siesmic structural improvements the earthquake responsiveness has to be certified by and Engineer.

 

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Connected qualifying expenses

The following expenses do not automatically attract the 110% tax credit, however if they are linked to one of the previous expenses, it is possible to extend the Superbonus to such expenses.
 

• E-cars charging station

• Solar panels installation

• Other energy efficiency improvements​

How does that work?

Just like every other tax break, the qualifying expenditure is multiplied by the coefficient set by the law (i.e. 110%). The tax credit will offset the IRPEF payable for 5 consecutive tax years.

EXAMPLE
Should you insulate your detached home, spending € 50.000, you can benefit of a € 55.000 tax credit (€ 50.000 x 110%) to be deducted in 5 years, hence € 11.000 per year​.

While filing your taxes, you must include your expenses in your tax return, thus resulting in a tax credit to be refunded. Anyway, what happens if your gross tax is less than € 11.000?

Unfortunately, the unused tax credit is wasted.

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