You have to sweat the superbonus. The 110% tax deduction on expenses incurred for energy efficiency interventions and anti-seismic works risks becoming a real nightmare, especially for those who decide to give their credit to the banks.
According to the new legislation, customers who decide to take advantage of the superbonus from 1 July 2020 to 31 December 2021 have three options available:
- deduct expenses and recover the sum in 5 annual installments,
- take advantage of an immediate discount on the invoice equal to 100% of the cost of the work by the company which in turn will then have to transfer the credit to banks or third parties,
- apply directly to the banks for the transfer of the tax credit.
Whoever chooses the third option will have to deal with one of the endemic evils of our country: bureaucracy.
A condominium that has to carry out energy efficiency work and decides to transfer its 110% tax credit to a bank will first have to pass an infinite amount of obligations and present dozens of certifications. According to the first calculations – collected by the media and specialized sites – there are 43 documents required in all. It's a little better, but not too much, if it's a single house, for which the bureaucratic process requires the forwarding of "only" 38 different documents. A real paradox if we think that the superbonus should serve to encourage taxpayers to carry out works that give breathing space to the construction sector grappling with the crisis.
The documentation is divided into two large macro-areas: type of intervention (concerning the systems or the building envelope) and type of property: single house, condominium, terraced house.
It never ends from here. For the condos you need: certificates relating to the number of properties, the owners of each, the cadastral categories, the thousandth shares, the allocation of expenses, the self-certification with the start and end dates of the works (expected) and so on. “Another 34 documents follow, divided by start, progress and end of work”, explains La Stampa, who has viewed the files requested by one of the main Italian banks.
Molto the procedure envisaged if the accumulated tax credit is transferred to the company is simplified. In this case it is sufficient to fill in an online form prepared by the Revenue Agency. It will then be the company that will have to deal with the banks and have to overcome all the necessary hurdles.
