FACADE BONUS

WHAT IS THAT'?

The tax relief consists of a 90% tax deduction for interventions aimed at the recovery or restoration of the external facade of existing buildings, of any cadastral category, including instrumental properties. The buildings must be located in zones A and B, identified by ministerial decree no. 1444/1968 , or in areas similar to these based on regional legislation and municipal building regulations.
Only interventions on the opaque structures of the façade, on balconies or on ornaments and friezes, including those of external cleaning or painting are eligible for the benefit. The bonus is not due, however, for interventions carried out on the internal facades of the building, if not visible from the street or from the ground for public use.

The facility consists of a tax deduction, to be divided into 10 constant annual installments, equal to 90% of the expenses incurred in 2020 and 2021 for interventions aimed at the recovery or restoration of the external facade of existing buildings located in certain areas, including those of external cleaning or painting only.
Only interventions on the opaque structures of the façade, on balconies or on ornaments and friezes are eligible for the benefit.

In particular, these are zones A and B identified by article 2 of decree no. 1444/1968 of the Minister of Public Works:

• the first (zone A) includes the parts of the territory affected by urban agglomerations of historical, artistic character or of particular environmental value or by portions of them, including the surrounding areas that can be considered an integral part, due to these characteristics, of the agglomerations themselves

• the second (zone B), on the other hand, includes the other parts of the territory built up, even if only in part, considering as such the zones in which the covered surface of the existing buildings is not less than 12.5% ​​of the land surface of the zone and in which the territorial density is higher than 1.5 mc / sq m.

If the renovation works of the facade, when they are not just cleaning or external painting, concern interventions that affect from a thermal point of view or affect more than 10% of the plaster of the total gross dispersing surface of the building, it is required that they are satisfied the requirements referred to in the Mise decree June 2015 ("National guidelines for the energy certification of buildings") and those, relating to the thermal transmittance values, indicated in table 2 attached to the Mise decree of 11 March 2008. In these hypotheses, the ENEA will carry out checks on the existence of the necessary conditions, according to the procedures and methods established by the inter-ministerial decree of 11 May 2018.

The provisions of Mef decree n. 41/1998, i.e. the regulation on deductions for building renovation costs.

WHO CARES

All taxpayers, resident and non-resident in the territory of the State, Irpef subjects and IRES taxable persons, who own the property subject to intervention for any reason can take advantage of the facility. The deduction does not apply to those who own only income subject to separate taxation or substitute tax.

WHAT ADVANTAGES

The deduction is recognized to the extent of 90% of the documented expenses incurred in 2020 and 2021 and made by bank or postal transfer. It must be divided into 10 constant annual installments of equal amount. There are no maximum spending limits, nor a maximum deduction limit.

TRANSFER OF CREDIT AND OPTION FOR CONTRIBUTION IN THE FORM OF DISCOUNT

Pursuant to article 121 of the decree-law n. 34 of 2020 (so-called Relaunch Decree), the subjects who incur expenses for the recovery or restoration of the facade of the buildings can opt, instead of the direct use of the deduction due, alternatively:

• for a contribution, in the form of a discount on the amount due, up to a maximum amount equal to the amount itself, advanced by the suppliers who carried out the interventions and recovered by the latter in the form of a tax credit, equal to the deduction due, with the right to subsequently assign the credit to other subjects, including credit institutions and other financial intermediaries

• for the assignment of a tax credit of the same amount, with the right of subsequent assignment to other subjects, including credit institutions and other financial intermediaries.

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