How does the 2020 restructuring bonus how to request it and pay the costs?
We try to answer all these questions based on the last one guide to building renovations of the Revenue Agency and on the text of the Budget law 2020 who reconfirmed the 2020 home bonus without changes, together with mobile bonuses and home appliances bonuses, Sismabonus, Ecobonus, Green Bonus and the new facades bonus at 90% for those who renovate the facade of buildings or houses.
So let us first illustrate the novelty of the Stability Law he was born in Growth decree then what the 2020 restructuring bonus is and how it works to whom it belongs and when personal income tax deduction or 50% discount on building renovation and what are the eligible expenses.
Bonus restructuring Budget Law 2020:
Budget Law 2020 new restructuring bonus: as anticipated, in the new 2020 Budget law there is confirmation of the extension of all 2020 home bonuses.
The 2020 home bonus extension for 2020, also includes the green bonus for gardens, terraces and even condominium balconies for urban green redevelopment. pending the publication of the text of the new maneuver, here is the guide updated to the Revenue Agency restructuring bonus.
We also remind you that again due to the new Maneuver since 2020 the new 2020 rent bonus for low-income families and the new 2020 bonus also starts.
2020 building renovation bonus:
With the extension 2020 restructuring bonus, the deduction is not affected compared to the other year, if not the novelty that the bonus was reconfirmed until 31 December 2020 with the same requirements and methods of use.
Among the building subsidies confirmed by the Budget Law 2020, also that of the 2020 mobile bonus and consequently of the 2020 home appliances bonus, reconfirmed until 31 December 2020.
-
From 1 January 2020, it will therefore be possible to benefit from the renovations carried out in 2019, the furniture and appliances bonus.
-
The green bonus or urban green bonus, in practice, it is a deduction equal to 36% of the costs incurred for the redevelopment of gardens, terraces and balconies, both private and condominium, for a maximum deductible expense of 5,000 euros. At the moment this bonus has been excluded from the 2020 extension.
-
Also for the Ecobonus 2020 there will be no news, remaining in force this year, ie 50% deduction for the replacement of fixtures, solar shading, winter air conditioning systems using condensing and biomass boilers.
-
Boost bonus 65% if a technologically advanced condensing boiler is installed, class A with advanced temperature control systems, 50% for class A boilers, 0% for class B boilers.
-
The bonus earthquake thanks to which it is possible to deduct in the tax return, on an amount of expenses not exceeding 96 thousand euros, a percentage varying from 50% up to 80% for private individuals and up to 85% for condominiums, according to types of intervention, remains unchanged and confirmed until 2021.
-
Also in 2020, for condominiums located in the seismic zones 1, 2 and 3, it is up to one single condominium bonus at 80% and 85% if at the same time works are facilitated with sismabonus + ecobonus.
-
From 1 July 2019, as a result of the Growth decree allowed the immediate discount instead of the deduction in 10 years but only for interventions by Ecobonus, Sismabonus and energy saving.
Given the novelties we are now going to illustrate the 2020 restructuring bonus.
Restructuring bonus news Growth decree:
Based on the provisions of the text of the Growth Decree 2019, starting from 1 July, it is possible to benefit from the immediate discount on the invoice instead of the deduction in 10 years.
In this way, the tax payer can immediately receive it 50% off% directly on the sale price or invoice works.
The immediate discount is only for goods and interventions that involve energy savings, Ecobonus, Conditioners, Sismabonus.
The payment must always be made by talking transfer indicated the appropriate law and all the necessary data.
What is the 2020 restructuring bonus?
What is the 2019 restructuring bonus? The restructuring bonus is a tax break governed by Article 16-bis of Presidential Decree 917/86 Tuir, which pertains to building renovation interventions.
In practice, the bonus consists of an income tax deduction equal to 36% of the expenses incurred to carry out the works up to a maximum expense of 48,000 euros.
This tax deduction, however, thanks to the interventions of the various governments that have occurred over time, has been increased to 50% starting from the expenses incurred since 26 June 2012.
Today, thanks to new 2020 Budget Law the aforementioned deduction 50% is extended without changes until 31 December 2020, with the exception of the mobile bonus and the home appliances bonus that have been canceled and are therefore in effect until the end of this year.
Therefore until 31 December 2020, taxpayers can continue to benefit from the 50% deduction of the 2020 restructuring bonus.
How the 2020 restructuring bonus works:
2020 restructuring bonus how it works:
-
The 2020 restructuring bonus works as in the past years, for which the tax payer interested in taking advantage of the deduction of expenses, must make the payment of all the expenses through the cd. talking bank transfer with the appropriate wording, ordinary bill with the same wording.
-
Once all the required documents have been obtained, and which we will see in the list in the following paragraphs, the tax payer has the possibility to deduct 50% of the costs incurred for a maximum of 96,000, dividing the total amount of the deduction due, into 10 annual quotas of equal amount.
-
The first deductible portion of the restructuring bonus, is declarative from the year following that of the expenses, so if they were carried out in 2019, the first quota must be used starting from the 2020 income declaration up to that of 2031, if instead the expenditure is 2020, will go into the tax return of 2021.
Restructuring bonus 2020: guide to the admitted expenses, requirements and how to request it?
The Restructuring Bonus was confirmed until December 31st 2020: taxpayers can therefore continue to benefit from the 50% discount on their expenses for the renovation of their property.
We now continue the explanation of the 2020 restructuring bonus, taking into account that the bonus will not be modified by the 2020 budget law and therefore i requirements and methods of use and how to request it, remained the same as those indicated in the restructuring guide Revenue Agency bonus.
So in the next few paragraphs we'll go and see what the expenses admitted to the restructuring bonus and in particular, what are the interventions to renovate the homes and common areas of condominiums in Italy, subject to tax relief.
Recall that those who fall within the tax benefits of the restructuring bonus, also access the mobile bonus.
It is recalled that for some types of restructuring work the ENEA communication obligation was triggered within 90 days from the end of the works.
2020 building renovation bonus for those who are responsible? Beneficiaries:
Who is the 2020 Building Restructuring Bonus? The right to benefit from the restructuring bonus in 2020 is for all tax payers subject to IRPEF or IRES who are resident or not, in Italy.
However, the deduction on Irpef or Ires is not only for the owner of the property but also for the holder of the right of use and for how much they pay the expenses, so also for:
– cohabiting family member: the spouse, the member of the civil union, the relatives within the third degree and the relatives within the second degree.
– the spouse separated if assignee of the property in the name of the other spouse;
– the cohabiting more uxorio, not the owner of the property subject to the interventions nor the holder of a loan agreement.
Who is entitled to the 2020 building renovation bonus is therefore the:
-
owner;
-
naked owner;
-
holder of a real right of enjoyment (usufruct, use, habitation or surface);
-
tenant or borrower;
-
shareholder of divided and undivided cooperatives;
-
the individual entrepreneur but only for non-instrumental property or goods;
-
subject that produces income in associated form, for which simple companies, in the collective name, simple limited partnership and subject to these equivalent, family businesses, under the same conditions provided for the individual entrepreneur.
Also the restructuring bonus is due in case of preliminary sale, compressed, to those who purchased the property if:
-
has come into possession of the property;
-
performs renovation work at its own expense;
-
the compromise was regularly registered.
In addition, the 2018 restructuring bonus is due also to those who carry out the work on the building alone, in this case you are entitled to the deduction of the purchase costs of building materials.
2020 building renovation bonus: the expenses admitted to the 50% deduction
What are the expenses admitted to the 2020 restructuring bonus that allow the Irpef discount equal to 50%?
Here is the list of expenses admitted to the restructuring bonus as indicated in the Revenue Agency guide:
| 2020 restructuring bonus: | list of admitted expenses |
| Types of interventions and renovation works |
In addition to the costs of carrying out the renovation work, the following expenses are also deductible:
Instead the expenses of removal and storage of furniture are EXCLUDED. |
The complete list of expenses admitted to the restructuring bonus is published in the Revenue Agency's restructuring guide.
Restructuring 2020 bonus: how to request it and which documents are needed?
2020 restructuring bonus how to request it?
The tax payer interested in receiving the income tax deduction at 50% of the costs incurred in carrying out the restructuring work must first pay the costs by bank or post office transfer, keep all the documentation and calculate the deduction due, which must then be indicated in the tax return subsequent to the year in which the expenditure was made, together with the cadastral data of the building subject to the works that can be facilitated with the bonus.
For more information on how to declare restructuring bonus fees in your tax return, we refer you to another updated 2019 guide.
Restructuring bonus 2019 documents: what is the documentation you need to get the Irpef discount?
Here are the necessary documents to keep and present in case of control by the Revenue Agency:
-
application for registration of the property;
-
IMU payment receipts;
-
for the condominium works: resolution of the assembly for the execution of the works and table of the distribution of the expenses;
-
declaration of consent to the execution of the works;
-
concessions, authorizations to carry out the works or substitutive declaration of the deed of notoriety indicating the date of commencement of the works and compatibility with the expenses admitted to the Restructuring Bonus.
-
receipt of sending the ENEA Communication.
Restructuring Bonus 2020 How should the renovation work be paid?
The tax payer, in order to benefit from the restructuring bonus 2019, must pay for renovation work ONLY and exclusively through the cd. speaking transfer, that is through bank or postal transfers, credit or debit card, given the following data:
-
reason for payment: for construction works the following rule must be indicated: article 16-bis of Presidential Decree 917/1986;
-
payee tax code;
-
tax code or VAT number of the person performing the work.
For the execution of common parts of condominiums:
-
reason for payment: for construction works the following rule must be indicated: article 16-bis of Presidential Decree 917/1986;
-
payee tax code;
-
tax code or VAT number of the person performing the work.
-
Tax code of the condominium;
-
Tax code of the administrator or condominium who makes the payment.
In the restructuring transfer, all the persons who support the expense and who consequently want to benefit from the deduction must also be indicated.
Source link
https://www.theitaliantimes.it/economia/bonus-ristrutturazione-requisiti-spese-ammesse-come-richiederlo_091119/
Dmca
