CREDIT TRANSFER
Maximise the benefits of the 110% Superbonus
The new offer introduced by the Relaunch Decree is an opportunity for the taxpayer to choose between directly using the tax deduction, or transferring the tax credit to another recipient, including credit institutes and other financial intermediaries.
The Superbonus 110 tax deduction can therefore be used directly in the beneficiary’s tax returns as a deduction of the tax to be paid, with the amount divided into 5 annual sums. Alternatively the beneficiary can choose from:
Credit transfer
A tax credit of the same amount, with the possibility of transfer to other recipients, including credit institutes and other financial intermediaries. Bear in mind that any unused tax credit cannot be used in subsequent years or reimbursed.
Discount on payment
The supplier of the intervention offers a discount on the payment due of a sum not exceeding the total amount, which the supplier will then recover in the form of a tax credit of the deduction due, transferable to credit institutes or other financial intermediaries. The amount of tax credit unused in one financial year cannot be used in subsequent years or reimbursed.
How to access the scheme
There are three ways of accessing the Superbonus 110:
Credit transfer to third parties: indirect use of the tax deduction by transferring the corresponding tax credit to other recipients, including credit institutes or other financial intermediaries.
Tax deduction over 5 years: direct use by deducting the amount from annual tax returns, divided into five yearly sums.
Discount on the invoice: a discount on the amount due for the work done, which is then recovered by the supplier in the form of tax credits to the same amount as the tax deduction, in five yearly sums or with the option of transfer to other recipients, including banks.
This option can be used in association with deductions due for the following work:
- Restoration of residential buildings and, in particular, for ordinary and extraordinary maintenance, conservation, restoration and refurbishment of shared areas of apartment buildings and extraordinary maintenance, restoration, conservation and refurbishment of individual homes.
- Energy efficiency interventions covered by the Ecobonus
- Earthquake proofing interventions covered by the Sismabonus (including the “Sismabonus acquisti” for puchases)
- Rebuilding or restoration of the external facades of existing buildings, including painting or cleaning work only (“Bonus facciate”)
- Installation of photovoltaic solar power systems
- Installation of charging points for electric vehicles
How credit transfer works
Criteria to be met
For the Superbonus only, the options of credit transfer or discount are subject to the following conditions:
1. The beneficiary of the bonus must request a stamp of approval for the documented information which attests that the intervention meets the criteria which permit the increased tax deduction rate. This stamp of approval is issued by specific authorised individuals. Specifically, and only for interventions covered by the Sismabonus, the person who issues the stamp must also verify the existence of certifications and declarations from authorised professionals.
2. The documentation for this option must be communicated solely by telematic means, including by the individual who issues the stamp of approval.
Further conditions
EcoBonus
For Ecobonus 110% interventions, a certification must be made by qualified professionals who attest:
- compliance with the minimum stated criteria
- the congruity of the expenses incurred and the intervention carried out.
A copy of the certification must also be sent to ENEA, by telematic means only.
SismaBonus
Sismabonus 110% interventions require a certification, which is already obligatory, by professionals who are responsible for structural planning, direction of structural work and static testing, in accordance with their professional expertise, and who are registered with the relevant professional Order or Association, who must also attest the congruity of the costs incurred and the interventions carried out.
Certifications by professionals may be issued:
- at the conclusion of the work
- for every IPC (interim payment certificate)
There must be no more than two IPCs for each intervention, and each IPC should refer to at least 30% of the total.