The renovation bonus is a tax incentive introduced by the Italian government to promote the energy upgrading of buildings and the safety of homes. Thanks to this bonus, it is possible to obtain a tax refund of 50% of the expenses incurred for building renovations, up to a maximum of 96,000 euros per real estate unit. However, many citizens do not know how to apply for the restructuring bonus and what documents to submit.
In this article, we’ll provide all the information you need to understand how the bonus works and explain step-by-step
how to apply.
Table of Contents:
How does the restructuring bonus work?
The renovation bonus is a tax incentive that provides for the reimbursement of 50% of the expenses incurred for building renovations. The benefit is intended for both property owners and tenants, as long as they have been authorized by the owner to carry out the interventions. It is possible to request the bonus for the renovation of real estate units for residential use, but also for buildings with a different purpose such as offices or shops, as long as they are not luxury properties. In addition, the benefit can also be requested for interventions aimed at reducing seismic risk and securing buildings
.
In order to take advantage of the renovation bonus, it is necessary that the interventions carried out comply with the technical and urban planning regulations in force. In addition, special attention must be paid to the choice of the company carrying out the work: this must be regularly registered in the Register of Construction Companies of the Chamber of Commerce and have the necessary technical and professional skills. To claim the bonus, it is necessary to submit documentation relating to the expenses incurred and the invoices issued by the company that carried out
the work.
What is the maximum amount of the restructuring bonus?
The maximum amount of the restructuring bonus is 96,000 euros per real estate unit. This amount corresponds to 50% of the expenses incurred for building renovations, up to a maximum of 192,000 euros. However, this maximum limit may be increased in some specific cases: for example, in the case of interventions aimed at reducing seismic risk and securing buildings, the maximum limit can be increased to 136,000 euros.
It is important to remember that the tax break is granted in the form of a tax credit, that is, in the form of a tax refund that can be used to offset the taxes due in subsequent tax years. In addition, the restructuring bonus is compatible with other tax breaks provided by law, such as the furniture bonus or the 65% tax deduction for
energy upgrading.
Who can apply for the restructuring bonus?
All taxpayers who bear expenses for building renovations can apply for the renovation bonus. In particular, owners of properties for residential use can take advantage of the tax break, but also tenants who have obtained the owner’s authorization to carry out the interventions
.
In addition, the renovation bonus can also be requested by condominiums and cooperative companies that carry out energy upgrading interventions on buildings where there are real estate units for residential use.
However, in order to take advantage of the tax advantage, it is necessary to comply with certain conditions and requirements established by law. In particular, building renovations must comply with the technical and urban planning regulations in force and must be carried out by companies regularly registered in the Register of Construction Companies of the Chamber of Commerce
.
In addition, it is important to keep in mind that the renovation bonus cannot be combined with other tax breaks for the same building interventions.
What documentation is needed to apply for the restructuring bonus?
To request the restructuring bonus, it is necessary to submit documentation relating to the expenses incurred and the invoices issued by the company that carried out the work. In particular, it is necessary to provide a series of documents that attest to the successful execution of the building renovation interventions and
the related expenses incurred.
Among the documents necessary to request the restructuring bonus we find: the tax return for the year in which the expenses were incurred, the receipt or invoice of the company that carried out the work, the certificate of viability or the building permit, if the interventions carried out require it.
In addition, it is necessary to keep all the documentation relating to the expenditure incurred for at least 10 years, since the Revenue Agency may request it for possible checks.
Finally, it is important to keep in mind that the documentation must be correctly compiled and drawn up in a clear and exhaustive way, in order to avoid any problems in requesting the restructuring bonus.
How to apply for the restructuring bonus: step-by-step instructions.
To request the restructuring bonus, it is necessary to submit the documentation to the Revenue Agency through the F24 application form, available on the agency’s website. In addition, it is possible to use the electronic service “Entratel” or “Fisconline” to send
the request directly online.
The first step in requesting the renovation bonus is to carry out building renovations and to keep all the documentation relating to the expenses incurred. Next, you must fill in the F24 form, indicating the amount of expenses incurred and the tax credit requested
.
Once the F24 model has been completed, it must be submitted to the Revenue Agency using one of the following methods: delivering it directly to the agency’s counters, sending it by registered mail with a return receipt or through the electronic services mentioned above.
Finally, it is important to keep in mind that the Revenue Agency may request additional documents or information to verify the correct request for the restructuring bonus. If the request is accepted, the tax advantage will be provided in the form of a tax credit over the following years
.
In conclusion, the renovation bonus represents an important tax advantage for all taxpayers who intend to carry out building renovations on their homes or on the properties they own. Thanks to this incentive, it is possible to obtain a tax refund of 50% of the expenses incurred, up to a maximum of 96,000 euros per real estate unit
.
However, to request the renovation bonus, it is necessary to comply with certain conditions and requirements established by law, including the compliance of the interventions with the technical and urban planning regulations in force and the submission of documentation relating to the expenses incurred.
In any case, it is important to keep in mind that the renovation bonus represents only one of the possible tax breaks provided by law for energy upgrading and building safety. Therefore, before starting any type of building intervention, it is always advisable to contact a professional in the sector in order to evaluate the different options available and choose the one that best suits your needs.
