Under current legislation, the works relating to Super bonus subsidized at 70% in condominium (or in buildings with 2 to 4 real estate units) and started in 2024 do not necessarily have to be completed by December to be deductible. There IRPEF deduction 70% can be applied to expenses incurred throughout the year 2024 while, if the works continue into 2025the expenses incurred next year will be deductible at 65%.
This means that condominiums can continue the work started without losing the tax benefitprovided that the expenses are adequately documented and comply with the conditions established by current legislation.
It is important to remember that the deduction for works starting from 2024, however, it will have to be divided into ten annual installments of the same amount, and that the possibility of benefiting from the Superbonus through the discount on the invoice or the transfer of credit is no longer viable.
We remind you that for works up to October 2024 a contribution for citizens with low ISEE (up to 15 thousand euros) who had achieved 60% in 2023 and had to complete the construction sites: for these taxpayers, a non-repayable contribution is provided (within the limits of available resources) paid by the Revenue Agency for the expenses incurred from 1 ° January to 31 October 2024.
A separate case is that of ONLUS who carry out socio-health and welfare activities: they will be able to access the Superbonus with the 110% until December 31, 2025 if they own properties registered in categories B1, B2 and D4 and if the members of the Board of Directors do not receive compensation or office allowances.
Another separate case is the Superbonus for buildings located in municipalities affected by earthquakes from 2009 to today: until 31 December 2025, it is up to 110% super bonus for expenses incurred up to December 31, 2025 only for the part that exceeds the contribution for the reconstruction (if paid), while the 110% Superbonus is provided with spending increased by 50% if the contribution for the reconstruction is renounced.
For these works, in some cases it is still possible to choose the option of credit transfer or discount on the invoice: demolition and reconstruction interventions in seismic zones 1-2-3 included in recovery plans and for who have not requested the relevant qualification before the entry into force of the Legislative Decree converted into Law 67/2024. Legislative Decree 39/2024 instead allows transfers and discounts for interventions carried out on properties damaged by seismic events on 6 April 2009 and 24 August 2016 but only until the available funds are exhausted in 2024.
