Superbonus 110, the latest news
June 14, 2024
08:50
A circular from the Revenue Agency has made the tax that the Meloni government had foreseen in the budget law definitively operational: anyone who has used the 110% Superbonus and sells the property in question before ten years has passed will have to pay a higher tax high.
One of the measures envisaged by the Meloni government to penalize those who have used the 110% Superbonus becomes fully operational: a higher tax on the capital gain generated, if you sell the house or apartment in question within ten years of the completion of the works. The tax increase was included in the budget law for 2024, and therefore technically already in force since the beginning of this year. However, yesterday a specific circular from the Revenue Agency clarified several practical aspects on how to put the increase into practice, how to calculate it and who is interested. Thus, there is no longer any doubt that the payment will have to be higher.
In practice, as the circular reminds us, the government has envisaged a “new hypothesis of taxable real estate capital gain”, i.e. that “deriving from the sale of properties subject to interventions eligible for the Superbonus”. This new capital gain is triggered if the house or apartment is seen when the works “have been completed no more than ten years ago”. So time begins to flow from the moment the work endsor from the date of the administrative authorizations or bureaucratic communications required for the completion of the works.
Normally today, when you sell a house that was purchased or built no more than five years ago, you pay a 26% tax on the capital gain, i.e. on the difference between the money obtained from the sale and the original construction or purchase price paid for the same house (revalued for inflation). To calculate the ‘original’ price, however, all the costs incurred to renovate it are also taken into account. For example: anyone who buys a house for 200 thousand euros, and after a few years resells it for 250 thousand euros, would have to pay taxes on the 50 thousand euros of capital gain. But if in the meantime he has done renovation work for 20 thousand euros, these are ‘deducted’ from the capital gain, and only the other 30 thousand remain to pay taxes on.
What changes now that the Superbonus decree is law, all the new rules and who benefits from it
However, with the new mechanism, expenses made with the 110% Superbonus will not be counted. The effect is that those who have done these jobs will pay more taxes than they would have had to pay under the previous system. If the sale occurs within five years of the completion of the works, they are excluding all costs for the works That:
- were made with the 110% Superbonus (those with lower bonuses, such as 90% or 70%, remain ‘valid’)
- they were made with an account on the invoice or the transfer of credit (those who have used the deduction have no problems)
Between five and ten years after the works, these costs are only counted for half. Furthermore, the Revenue Agency has also clarified that with regards to apartmentsfor the new increased tax to be triggered, it will be sufficient that there are “interventions eligible for the Superbonus on the common areas” of the condominium, and not necessarily in the individual apartment.
