Ecobonus, how does the transfer of credit between condominiums work?

15/11/2019 – The assignment of the Ecobonus credit for redevelopment of the common parts of a condominium can take place between two condominiums, but under certain conditions. This was explained by the Revenue Agency with the answer 481 of November 13th.

Ecobonus, the assignment of credit between condominiums

The Inland Revenue replied to a condominium who asked if he could acquire, together with the other co-owners of the property located in the condominium, the share of the deduction due to another condominium for the energy efficiency works of the common parts.

The Revenue Agency, retracing the regulatory landscape on the assignment of credit, recalled that the credit corresponding to the deduction can be transferred to private parties other than the suppliers, on condition that they are linked to the relationship that gave rise to the deduction. In the condominium, the Agency explained, the transfer can take place in favor of the other owners of the deduction, that is of the other condominiums.

At the time of first sale, reads the reply, the deduction must be sold to a single subject. The sale, concluded the Agency, can take place in favor of only one of the co-owners of the housing unit. The latter may in turn transfer the credit acquired in whole or in part to other private parties.

Ecobonus, the differences between sale and immediate discount

The assignment of the credit corresponding to the deductions continues to create doubts among the tax payers. Next to the sale, we recall, there is also the instrument of the immediate discount in the alternative bill to the ecobonus and the seismabonus. The mechanism, introduced by Article 10 of the Growth Decree, to facilitate taxpayers with little liquidity, is about to be changed. There credit assignment corresponding to the ecobonus allows the private individual to transfer the bonus to the supplier, obtaining in exchange a consideration lower than the tax deduction, because it is reduced by the costs of the operation, but in a shorter time. The advantage for the transferee, that is the one who purchases the tax credit corresponding to the deduction, is that of being able to use it in compensation or to sell it in turn. The compensation concerns taxes on income, VAT, IRAP, social security contributions and interest provided in the event of installment payments of taxes.

With the immediate discount on the invoice alternative to the ecobonus, the tax payer who carries out the works can receive a contribution, anticipated by the supplier who carried out the intervention, in the form of a discount on the consideration due. The discount made is recovered by the supplier in the form of a tax credit, of the same amount, to be used in compensation, in five equal annual installments, without the application of the compensability limits.

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