Time for forecasts and budgets, with the end of the year we are already starting to think about 2022: this is the moment in which future projects are defined and decisions made. If you are about to change your home and / or are thinking of investing in brick, perhaps you are also considering whether it is worth buying a new house under construction or an old one to renovate . The different initial price could be amortized by the works (to do or not to do) before the definitive transfer. But at what price?
The real estate market, in fact, changes according to the area or city of reference. However, before defining a contract or blocking a property, it may be useful to know which bonuses and concessions may be recognized depending on the type of building interventions you are planning.
Home bonus: those confirmed in 2022
Among the objectives that the Italian government has set itself for the next year (but also for the next decades), that of energy efficiency has acquired great importance. With ad hoc measures, in fact, we want to aim to revive the construction sector – after the black crisis triggered by Covid – and to improve the performance of houses, apartments, residences and real estate structures in general.
It is a need, but also an opportunity for the entire productive and economic system and for the world of work.
For this reason, with the 2022 budget law , almost all home bonuses (renovations, greens, for purchases, etc.) have been confirmed. Specifically, the home benefits that the Draghi Executive has decided to extend again next year are:
- Superbonus ;
- Econobonus ;
- Sismabonus .
To these are added the bonuses :
- renovations and furniture;
- first home purchase, even for under 36s.
Renewal denied instead of the rental bonus and the Covid rental bonus . Mostly born to cope with the problems that arose during the health emergency, they were not included on a permanent basis in the new state intervention plan.
The bonuses that can be used to renovate the house: how Superbonus, Ecobonus and Sismabonus work
In the event that you have decided to buy a property that needs renovations , there are several concessions that can be used to cover – in part or completely – the costs of the works.
With the Superbonus , for example, a deduction rate for expenses incurred equal to 110% is recognized. However, not all works are admitted as a deduction. The discount is in fact due to:
- specific works in the field of energy efficiency;
- anti-seismic interventions;
- installation of photovoltaic systems or infrastructures for charging electric vehicles in buildings.
The deduction originally was for expenses incurred from 1 July 2020 to 31 December 2021 but due to subsequent regulatory changes, the Superbonus was also extended in 2022.
The new measures are added to the deductions envisaged for the restoration of the building heritage, including those for the reduction of seismic risk (so-called Sismabonus) and energy requalification of buildings (so-called Ecobonus).
The Sismabonus , on the other hand, is due for the expenses incurred for anti- seismic interventions on buildings falling within the seismic areas of high danger (zones 1 and 2) and in zone 3, whose authorization procedures were activated starting from 1 January 2017. These are a deduction of 50% , to be calculated on a total amount of 96,000 euros per property unit for each year and usable in five equal annual installments.
The deduction rises to 70% , if the implementation of the interventions results in a reduction of the seismic risk which determines the passage to a lower risk class, or to 80%, if one passes to two lower risk classes.
The tax benefit is greater in case of interventions on the common parts of condominium buildings:
- 75%, if there is a transition to a lower risk class;
- 85%, when moving to two lower risk classes.
In this case, the deduction must be calculated on an amount of expenses not exceeding 96,000 euros multiplied by the number of real estate units in each building and divided into five equal annual installments.
The deductible expenses for the realization of the anti-seismic interventions also include those carried out for the classification and seismic verification of the buildings.
The subsidy for the energy requalification of buildings, so-called Ecobonus , consists of a deduction from Irpef or IRES and is granted when interventions are carried out that increase the level of energy efficiency of existing buildings. In general, deductions are recognized for:
- the reduction of energy requirements for heating;
- thermal improvement of the building (insulation – floors – windows, including fixtures);
- the installation of solar panels;
- the replacement of winter air conditioning systems.
The deduction is also due for the purchase and installation (or installation) of:
- solar shields;
- winter air conditioning systems equipped with heat generators powered by biomass fuels;
- multimedia devices for remote control of heating, hot water production or air conditioning systems in housing units;
- micro-cogenerators to replace existing plants;
- condensing hot air generators.
The same discount must be applied in case of replacement of winter air conditioning systems with hybrid appliances consisting of an integrated heat pump with condensing boiler.
The deductions, to be divided into 10 equal annual installments , vary according to whether the intervention concerns the single real estate unit or condominium buildings and the year in which it was carried out. An indispensable condition to use them, however, is that the interventions are carried out on existing real estate units and buildings (or parts of buildings), of any cadastral category, even if rural, including those instrumental for business or professional activity. The subsidy can be requested for expenses incurred by 31 December 2021. For most of the interventions the deduction is equal to 65%, for others it is 50%.
In the case of both the Superbonus and the Ecobonus and Sismabonus, it is possible to opt for an advance contribution in the form of a discount applied by the suppliers of the goods or services or, alternatively, for the assignment of credit. corresponding.
How the tax relief on building renovation works works
If you have decided to proceed with the renovation of the property, the Revenue Agency recognizes a tax advantage on building renovation interventions . It is, in fact, an income tax deduction divided into 10 annual installments of the same amount, for a maximum amount of 96 thousand euros, which also applies to those who buy refurbished residential buildings.
In particular, the discount is due in the case of restoration and conservative redevelopment and building renovation interventions, concerning entire buildings, carried out by construction or real estate renovation companies and by building cooperatives, which provide within 18 months from the date of completion of the works to the next alienation or assignment of the property.
The bonuses for furnishing the house
Once the works are finished, the new apartment will have to be furnished. In this case, you can take advantage of a 50% personal income tax deduction for the purchase of furniture and large appliances of a class not lower than A + (A or higher for ovens and washer-dryers), intended to furnish a property undergoing renovation.
The deduction must be divided among those entitled in ten annual installments of the same amount and is calculated on a total amount not exceeding 10,000 euros. For 2021, the spending ceiling on which to calculate the deduction is raised to 16,000 euros.
But be careful, to take advantage of the discount it is necessary that the start date of the works is earlier than the one in which the expenses for the purchase of furniture and large appliances are incurred.
How the green bonus works, in the case of external works and gardens
The furnishing and arrangement of a house can also pass through the exteriors , which can be refurbished using the cd. green bonus . Also in this case it is an Irpef deduction, equal to 36%, allowed for:
- green arrangement of private uncovered areas of existing buildings, real estate units, appurtenances or fences, irrigation systems and construction of wells;
- construction of green roofs and hanging gardens.
The discount must be divided into ten annual installments of equal amount and must be calculated on a maximum cost of 5,000 euros per housing unit. In calculating the figure, any planning and maintenance costs associated with the execution of the interventions must also be taken into account. Furthermore, the payment of expenses must be made through tools that allow the traceability of operations (for example, bank or postal transfer).
Buying a new house using the sismabonus? The discount allowed
Within the aforementioned Sismabonus, there is also the bonus for the purchase of anti-seismic houses . This is a further hypothesis, which gives the right to a substantial tax deduction. These must be buildings built:
- in areas classified as seismic risk 1, 2 or 3;
- following the demolition and reconstruction of entire buildings (also with volumetric variation compared to the pre-existing one);
- by real estate construction or renovation companies, which, within 18 months of the completion of the works, arrange for the sale of the property.
The deduction payable to the buyers of the individual real estate units is equal to:
- 75% of the purchase price if the seismic risk reduction is equal to one class;
- 85% if it is of two class.
For the calculation , of course, the amount indicated in the public deed of sale will be taken into account. The tax benefit is to be divided into five equal annual installments. The weight on which to apply the percentage, however, cannot exceed 96,000 euros per property unit for each year.
Is buying a new house worthwhile? The bonuses for the purchase
Among the bonuses for those who want to buy a house , regardless of the type of property and the interventions they need, the Executive confirmed the cd for 2022. “First home purchase bonus” for under 36s .
For young people under 36 years of age, and with an ISEE value not exceeding 40 thousand euros per year, the Sostegni bis Decree has provided for a new facility for the purchase of a first home: exemption from registration tax, mortgage and cadastral. For more details visit DDP Property, In the event of a purchase subject to VAT, a tax credit is recognized for an amount equal to the tax paid in relation to the purchase. There is also an exemption from the substitute tax for loans granted for the purchase, construction and renovation of residential properties.
Finally, there are tax concessions aimed at favoring those who want to buy a house to be used as a main residence, for which at the moment the Revenue Agency has not provided for any age limit. For example, with the “first home” benefits the following are reduced:
- the registration tax, if you are buying from a private individual;
- VAT, if you buy from a company.
Furthermore, the following are not due:
- stamp duty;
- special cadastral taxes and mortgage taxes on deeds subject to registration tax and those necessary to carry out the obligations at the land registry and real estate registers.