There maxi taxation of capital gains it does not concern all houses renovated with the superbonus. This is a real lifesaver from the application of the levy for sales before ten years. Having used the property as a main residence for most of the time that passes between purchase and sale, essentially the residence, helps the owners to save. Here’s everything you need to know.
What to consider
Through circular 13/E/2024, the Revenue Agency has clarified regarding the application of the anti-speculative rule introduced with the 2024 budget. Capital gains on properties with determining characteristics are considered outside the scope in which the legislation. The properties in question must have been used as the transferor’s main residence or the subject’s family members due to the prevalence of ten years that precede the sale or to those intended as a main residence for most of the period between purchase (or construction) and sale. This aspect is expected if at the time of the transfer they were purchased (or built) in less than ten years.
How to calculate ten years
As for term initial to calculate the ten years, this coincides with the date on which the interventions granted to the superbonus end. The circular in question mentions: “the date of completion of the works is, in principle, proven by the administrative authorizations or communications required by the urban planning legislation and building regulations in force”. In essence, capital gains that come from the capital are taxable sale of real estate who have undergone facilitated interventions thanks to the superbonus. These constructions must have been completed no more than ten years ago, this deadline is considered independently of the date of purchase (or construction) of the asset in question.
Costs
Real estate, on the other hand, is taxed through the capital gain. PFor five years the deduction of costs incurred for renovations will be blocked and consequently the capital gain figure will increase. After the five-year period deduction will be reduced by 50%. In the event that the intervention is facilitated with 110%, not with other superbonus options such as 90% or 70%, and “the options for the discount on the invoice practiced by the supplier or for the transfer of credit are exercised ‘tax’ (i.e. whoever deducted the superbonus), the most penalizing calculation is applied.
In the event that the benefit is partially used with 110% and for another part with 90% or 70%, only the expenses on the 110% will be considered. The same reasoning applies partial use of the deduction, credit transfer and invoice discount.
