The Meloni Government’s move on the much-hated 110% Superbonus. Whoever makes this mistake will pay dearly
The Super bonus 110% it is one of the most debated and controversial measures of recent years. Wanted by the Government chaired by Giuseppe Conte and canceled by the current Government, chaired by Giorgia Meloni. Today the fact emerges that there is a risk a maxi taxation in the case of a certain error.
For supporters, the 110% Superbonus was an important measure to relaunch the Italian economy in a dramatic moment such as that of the Covid-19 pandemic. In fact, as we well know, the virus that came from China has hit hard not only collective health, but also the global economy. In the understanding of those who developed and approved it, the Superbonus was supposed to help construction companies, particularly affected by the crisisas well as making it easier for citizens. All this, moreover, restoring decorum to the Italian architectural panorama, which, especially at certain latitudes, is lacking.
Opponents, however, have always seen it as a sort of welfarism which not only did not revive the national economy, but which, on the contrary, was an easy assist for any malfunctions, if not outright theft and fraud. Hence, therefore, the abolition. In general, the Meloni Government has dismantled the architrave of the economic measures of 5 Star Movement, if we also associate everything with the abolition of the citizen’s income.
Superbonus 110%: risk of very high taxation
The maxi taxation on sales of properties renovated with the superbonus has become fully operational. Although it was already in force from 1 January 2024, a recent circular from the Revenue Agency (n. 13/E/2024) provided the application instructions for the new capital gains regime introduced by the 2024 Budget Law. This new taxation provides for a “extra tax” of 26% on the capital gain generated by the sale of a second home, unless it has been inherited or gifted. This tax will be applied for a period of ten years starting from the end of the renovation works. The 26% withdrawal will apply as miscellaneous income.
The Revenue Agency circular clarified some important points. Even a job carried out alone on the common parts of a condominium it can trigger the new, more penalizing taxation, without requiring intervention on the individual apartment. The ten-year period will be calculated from the end of the renovation works. Only subsidized costs with the 110% superbonus will be considered, excluding other reduced versions of the superbonus, such as those at 90% or 70%.
This new legislation will have a significant impact on owners who intend to sell renovated properties with the superbonus. It is important for owners to be aware of the new rules to avoid tax surprises. The Government’s move aims to curb real estate speculationensuring that tax advantages are used in a fair and just manner.
