The introduction of the conversion law of the Salva Conti decree (DL no. 39/2024) has brought significant changes to the panorama of tax benefits in the construction sector. Among the most important innovations stands out the prohibition on the transfer of the residual installments relating to the superbonus and other construction bonuses. This legislation, which came into force on 29 May 2024, has a profound impact on how taxpayers can benefit from tax deductions.
According to paragraph 7 of article 4-bis of the Salva Conti decree, it is no longer possible to opt for the transfer of credit in relation to the residual installments not yet used of the tax deductions.
This concerns expenses incurred in the period 2020-2023 for subsidized interventions.
Construction bonuses involved in the ban
The new law impacts various types of tax deductions linked to building interventions. Below is an overview of the building bonuses involved:
- superbonus: this incentive, introduced to promote energy requalification and the safety of buildings, will no longer be able to benefit from the transfer of credit for the remaining installments
- Irpef deduction of 50% for recovery interventions of the building heritage (so-called 50% renovation bonus): this incentive, which supports the renovation of existing buildings, is also subject to the new ban on the transfer of residual installments
- Irpef deduction of 50% for the academic yearpurchase of real estate units in renovated buildings: the purchase of renovated properties will no longer be able to benefit from the transfer of credit for the installments not yet used
- Irpef deduction of 50% for construction of garages or appurtenant parking spaces: Deductions for the construction of garages and parking spaces will also be affected by the new restriction.
- Irpef relief of 50% for the installation of photovoltaic systems: the promotion of renewable energy through the installation of solar panels also sees a significant change with the ban on the transfer of residual installments
- “ordinary” ecobonus: this bonus, intended for the energy requalification of buildings, will no longer allow the transfer of unused installments
- “ordinary” earthquake bonus: the benefits for the seismic safety of buildings will also be subject to the new legislation.
- sismapurchase bonus: Incentives for the purchase of buildings located in seismic zones that have been seismically improved fall under the transfer ban
- facade bonuses: the deduction for the renovation of building facades, widely used to improve urban aesthetics, will also be regulated by the new law
- bonus columns for charging electric vehicles: the incentives for the installation of charging points for electric cars will no longer allow the transfer of the residual installments.
- 75% architectural barrier bonus: deductions for the removal of architectural barriers will also be affected by the ban.
We do not find the furniture bonus and the green bonus mentioned.
This is because for these tax benefits the possibility of opting for a discount on the invoice and transfer of credit was never foreseen.
New ban on the transfer of residual installments: implications for taxpayers
The ban on the transfer of residual installments represents a significant change for those who have planned construction projects counting on the possibility of transferring unused tax credits. This could affect the immediate liquidity of taxpayers, who will have to find other solutions to make the most of the accrued tax deductions.
To best address the new restrictions, taxpayers and construction professionals will need to consider several strategies:
- financial planning: accurate planning becomes essential to maximize the direct use of tax deductions, without relying on credit assignment
- tax consultancy: turning to expert tax consultants can help navigate the new regulations and identify the best solutions for managing the remaining installments
- full use of deductions: It is advisable to take full advantage of available deductions to reduce your annual tax impact, avoiding leaving credits unused.
summing up
- the Save Conti decree, as converted into law no. 67/2024, prohibits the transfer of residual installments for construction bonuses
- the ban includes super bonuses and other construction incentives linked to expenses incurred from 2020 to 2023
- involved superbonus, 50% Irpef deduction, ecobonus, seismabonus, facade bonus and more.
- the ban impacts taxpayers’ immediate liquidity for construction projects
- tax planning and consultancy become crucial to manage the new restrictions.
