Taxpayers who fall within the no-tax area can transfer the credit relating to the eco-bonus on condominium works to banks and financial intermediaries, as well as to suppliers and construction companies. The Revenue Agency made it known, specifying that this possibility is reserved for those who are excluded from the Irpef tax because they have too low an income or because the gross tax is absorbed by the deductions.
THE ECOBONUS
Until 31 December 2021, for interventions relating to the common parts of condominium buildings and for those concerning all the real estate units that make up the single condominium, a deduction of 65% can be enjoyed. The subsidy rises to 70% of the expenditure if the interventions concern the building envelope with an incidence greater than 25% of the gross dispersing surface and to 75% of the expenditure if the works serve to improve its winter and summer energy performance.
The deduction is applied to an amount of expenses not exceeding 40 thousand euros multiplied by the number of real estate units that make up the building and must be divided into ten equal annual installments.
THE TAX CREDIT
The 2017 budget law established that condominiums can transform the 70 and 75% deductions into a tax credit to be transferred to the companies that carry out the works or to other private entities (including natural persons), including self-employment or business, companies and institutions but not to banks or financial intermediaries.
Condominiums that fall within the no-tax area can also transfer the 65% deduction on other interventions in the form of credit for expenses incurred from 1 January 2017 to 31 December 2021.
THE NEW FOR THE NO TAX AREA
A subsequent decree then introduced a novelty: for the energy requalification interventions of the common condominium parts, the beneficiaries of the incentives who are in the no-tax area can also assign the deductions to banks and financial intermediaries.
THE DUTIES FOR THE ASSIGNMENT
The condominium who transfers the tax credit, if the data of the transfer are not already indicated in the condominium resolution, must communicate to the condominium administrator, by 31 December of the reference tax period, the successful transfer and the acceptance of the transferee, indicating the latter's name and tax code.
The condominium administrator annually communicates this data to the Revenue Agency with the procedure foreseen for sending data for the purposes of the pre-compiled declaration and delivers to the condominium the certification of the expenses attributable to him incurred in the previous year by the condominium.
Failure to send the communication renders the assignment of the credit ineffective. The Revenue Agency makes visible in the transferee's "Tax Drawer" the credit assigned to him which can be used, or further transferred.
USE OF THE TAX CREDIT IN OFFSETTING
The tax credit can be used in compensation using the F24 form exclusively through the telematic channels of the Agency, which will soon set up the dedicated tax code. The portion of the credit that is not used in the period in which it is due is reported in the subsequent tax periods and cannot be requested for a refund.
