As every year at this time, the drafting of the new budget law brings with it changes, surprises and potential revocations on building bonuses. The abolition of invoice discounts and credit transfer, combined with the proposal to reduce various housing benefits and review land registry income, promises to profoundly impact the real estate sector in 2025. This scenario raises questions, especially considering the urgency of making buildings more accessible and functional.
Meanwhile, the countdown to take advantage of the discounts valid until 31 December 2024 has already begun. Eyes are now focused on which measures will remain on track and which may have to throw in the towel. It seems, at the moment, that the Sismabonus and the green bonus will not find a place in the new budget. Furthermore, the adjustment of land registry incomes could affect a large number of taxpayers, well beyond those who have benefited from the Superbonus. But Which home bonuses are still active? And what could they be? confirmed in 2025?
Sismabonus: tax deductions for earthquake safety
Il Sissabonus provides deductions for anti-seismic interventions and for making buildings safe, covering up to 50% of the expenses for single-family homes. It is possible to reach up to 70% or 80% depending on the improvement of the risk class. Also for condominiums, the deduction starts from 50%, reaching up to 75% or 85% depending on the improvement of the risk classes. However, this bonus seems to be at risk of renewal in the 2025 budget.
Green Bonus: Incentives for Renovating Outdoor Spaces
Il bonus Verde consists of a 36% Irpef deduction for the arrangement of green areas of one's home, including the appurtenant areas and fences. This measure also includes the installation of irrigation systems and green roofs. At the moment, the Green Bonus does not seem to find space in the 2025 budget.
Ecobonus: incentives for energy requalification
THEEcobonus, the tax relief for the energy requalification of single-family buildings or condominiums, offers deductions ranging from 50% to 75% depending on the intervention. However, its confirmation for next year is uncertain, with the possibility that it will be reabsorbed into the renovation bonus with a new rate of 50/36. There are also rumors about a possible single bonus set at 65%.
Renovation bonus
Il restructuring bonus is confirmed until December 31, 2024, with a rate of 50% and a spending cap of 96 thousand euros for both first and second homes. It is expected that starting from the 2025 budget, the rate will remain at 50% but will be applicable only to first homes, while for second homes it will drop to 36% with a maximum of 48 thousand euros.
Architectural Barrier Bonus: Improving Accessibility
As regards the architectural barriers bonus a 2025% tax deduction is available until 75 on expenses incurred for renovation work aimed at improving the accessibility of private buildings. Eligible interventions include the installation of elevators, stair lifts and ramps, as well as the modification of doors and windows to facilitate access for people with disabilities.
Furniture Bonus: Incentives for the purchase of furniture and household appliances
Il bonus furnishings allows you to deduct 50% of the expenses for the purchase of furniture and large appliances with low energy consumption. This measure will be valid in 2024 and 2025, provided that the purchase is connected to building renovation works.
Superbonus: changes and discounts expected for 2025
the Superbonus will be reduced to 65% next year for some specific works, with the exception of earthquake zones, where it will remain at 110%. In addition to the renewals and changes to the individual benefits, there is still an unknown in the air: the update of the cadastral incomes. This news could affect all taxpayers who have taken advantage of the bonuses. If on the one hand the adjustment of the cadastral classes is linked to the increase in the value of the properties, on the other the question of how to manage the absence of credit transfers together with the need to make the real estate assets more efficient and sustainable, in line with the European directives for 2030 on the green house, gives rise to some headaches.
Even the benefits for young people are in the balance
Also for i mortgages for young people with Consap guarantee and the first home benefits, the moment of truth is approaching. Currently, these measures do not seem to find a place in the next budget, and the countdown to access two important measures - the first home bonus under 36 and the Guarantee Fund for the purchase of the first home - is getting tight, with the deadline set for December 31st.
First home bonus under 36
Il under 36 first home bonus offers young people with an ISEE of no more than 40 thousand euros a significant saving on taxes, exempting them from paying the registration tax, the mortgage tax and the land registry tax. Furthermore, the bonus abolishes the stamp duty and special land registry taxes, also extending to financing for the purchase, construction and renovation of the property.
Guarantee fund for first home mortgages
Il Guarantee fund for first home mortgages, managed by Consap, offers additional support, allowing under-36s to obtain a mortgage of up to 250 thousand euros on favorable terms, with a state guarantee of up to 80%. This opportunity allows young people to obtain a 100% mortgage without any down payment. The law also establishes support for interest payments, requiring that mortgages have an effective annual global rate (APR) lower than the average global rate published quarterly by the Bank of Italy. But be careful: to access these benefits, you must have an ISEE lower than 40 thousand euros, not own properties purchased with the first home bonus and not be the holder of property rights in the municipality where the property to be purchased is located.
