The latest indications from the Government suggest that the bonus that expires at the end of the year will not have an extension. The speech is not closed, because we have to wait for the official statement with the 2022 Budget Law. But many construction sites to redo the external look of the buildings (condominium and not) have already started and not yet completed, and others are about to open in these days. What will happen now? How to behave to make the most – possibly in full – of the maxi-subsidy of 90 percent?
Expenses paid by 31 December
Let’s start by saying that for the expenses incurred in 2021, the 90% deduction is safe. For individuals, professionals and non-commercial entities, the cash principle applies: therefore the date on which the transfer is made counts (not the date of debit). For companies, on the other hand, the criterion of competence applies: therefore the date of «completion of the service» for the services, that is, the works carried out and accepted by the client, regardless of the flow of payments.
In order to touch up the facades of the building and obtain the tax break, it is not necessary for the works to finish this year. Any expenses paid in 2022 will benefit from the bonus that will be in force in that period: therefore, according to the intentions of the Government contained in the Planning Budget Document and to be confirmed in the Budget Law, there should be a 50% deduction on building renovations (but be careful : 50% is only personal income tax deduction, while the facades bonus is also IRES).
Or, if the façade reconstruction works also include the simultaneous insulation intervention (the so-called thermal coat), you could still benefit from the 65% eco-bonus (deduction for both Irpef and Ires).
Of course, if the “dry” extension of the facade bonus were to arrive, there would be 90% also in 2022. But always on the external facades of the building visible from the street: because even today the internal ones can only have the discounts of 50 or 65 percent.
The transfer of the bonus
The same reasoning applies to those who want to use the facility through the transfer of credit, for example to a bank. Because the 90% bonus accrues – and can be sold – in relation to the amounts paid by 31 December. For example, if 500 is paid on an estimated expense of 1,000 by the end of 2021, the bonus for a nominal value of 450 (90% of 500, in fact) can be sold. While for the 500 paid in 2022 the above remains valid: they will be facilitated and transferable according to the deductions in force next year. We also remind you that – unlike the superbonus – the possibility of transferring the facades bonus is not conditional on the achievement of a work progress status (Sal) of at least 30 percent.