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How Italy’s building ‘superbonus’ has changed in 2022

The Italian government has announced further extensions to its popular building 'superbonus' scheme in 2022. Here's what those buying and renovating property need to know about the latest changes and deadlines.

How Italy's building superbonus has changed for property renovators in 2022.
Photo by MAX BEDENDI on Unsplash

Italy first introduced the ‘superbonus 110‘ in May 2020 to restart a sluggish economy following the impacts of the pandemic, offering homeowners a tax deduction of up to 110 percent on expenses related to making energy upgrades and reducing seismic risk.

Towards the end of 2021, property owners were left concerned about how it would be rolled on into 2022 and whether they would be able to finish their renovation projects in time.

READ ALSO: Budget 2022: Which of Italy’s building bonuses have been extended?

To the relief of those carrying out works on their single unit family homes, the ‘superbonus’ on these properties has been approved for the whole of this year, as published in the Budget Law 2022 on December 30th, 2021.

Based on the government’s budget measures for 2022 and the latest reforms, here’s how the superbonus has been extended for 2022 following its introduction in the Relaunch Decree (decreto rilancio) – and what it means for your home renovations.Single family homes

Even though the deadlines are different depending on the property type, the good news for those carrying out works on their single unit homes is that the superbonus has been extended throughout the whole of 2022 for this category.

This covers detached buildings or small villas, for example.

The Budget Law text had confirmed that the only requirement to accessing this bonus throughout the whole year is that 30 percent of works must be completed by June 30th 2022.

Photo by TIZIANA FABI / AFP

This has now been extended again to September 30th 2022, giving a bit more breathing space to those who’ve been stuck in queues due to builder shortages and bureaucratic delays.

On the other hand, if 30 percent of the jobs have still not been completed by the new deadline of September 30th 2022, this becomes the final deadline and no more state aid can be claimed for the rest of the year.

Previous talks of eligibility criteria have also been scrapped. Now there’s no requirement of only being able to access the bonus if it’s your first home and if you have an ISEE (the social-economic indicator of household wealth) of €25,000 maximum.

More good news for single family home owners is that there’s no need to have registered the start of works, known as ‘CILAS’ (Comunicazione di Inizio Lavori Asseverata Superbonus), by September 30th 2021, as previously planned.

The ‘CILAS’ is an administrative procedure that requires the authorisation of an architect, engineer, surveyor or other qualified technician to request the bonus to begin renovation work.

READ ALSO: What will Italy’s new budget mean for you in 2022?

Since the deadline for this has been scrapped, depending on the scale of the jobs, it means property owners can claim the bonus for works beginning on their property now, as long as they adhere to the timescales noted.

Condominiums and owners of multiple unit buildings

There’s even more time to benefit from the superbonus for these categories. 

Condominiums, owners of buildings consisting of two to four units and third sector organisations will be able to take advantage of the benefit until 2025, with a sliding scale: 110 percent remains valid until 31 December 2023, dropping to 70 percent in 2024 and 65 percent in 2025.

Those with multiple unit properties – such as a main home and a warehouse (magazzino), for example – fall into this group. Not only is there more time to get state aid with renovating property, there are also opportunities to claim some bonuses more than once.

Funds to install solar panels have also been extended into 2022. Photo by Andrew CABALLERO-REYNOLDS / AFP

Deadlines at a glance

Here’s a breakdown of who can access the superbonus 110 and for how long:

  • Single family homesSeptember 30th 2022 or December 31st 2022 if 30 percent of works are completed by the first deadline.
  • Multiple unit (2-4) propertiesDecember 31st 2023. The bonus reduces to 70 percent by December 31st 2024 and 65 percent by December 31st 2025.
  • Condominiums – December 31st 2023. The bonus reduces to 70 percent by December 31st 2024 and 65 percent by December 31st 2025.
  • Third sector – December 31st 2023. The bonus reduces to 70 percent by December 31st 2024 and 65 percent by December 31st 2025.
  • Social housing June 30th 2023 or December 31st 2023 if 60 percent of the works are completed by the first deadline.
  • Sports associations – June 30th 2022 or December 31st 2022 if 30 percent of works are completed by the first deadline.

What can you use the superbonus for?

You can apply for government financial help for thermal insulation work, replacement of winter air-conditioning systems and anti-seismic interventions.

The 2022  budget law also extended the bonus for installation of solar-panels and electric car charging points into 2022.

READ ALSO: 

How you can claim the superbonus 110

One of the most anticipated changes was how people could continue to access this bonus.

There have been various regulatory changes already in 2022 when it comes to the superbonus.

Two ways to access the funds – transferring the credit (cessione del credito) or discount on the invoice (sconto in fattura) – have recently become stricter.

The changes followed vast amounts of fraudulent claims to the bonus, leading the government to introduce more clauses to the rules and complicate the bureaucracy even further.

Tax deduction is also still an option for those who want to offset high taxes on their income, spread out over five years. This route is only available to Italian residents paying income tax, known as ‘IRPEF’.

Further details are expected on the methods of accessing the bonus when the final version of the energy and investment decree (decreto energia e investimenti) is published.

Anti-fraud measures

Property owners hoping to take advantage of the superbonus will need to be aware of anti-fraud legislation recently brought in by the government.

The anti-fraud decree was published on November 11th and was incorporated into the 2022 budget.

It came in after Italy’s Inland Revenue Agency (Agenzia delle Entrate) uncovered some 800 million fictitious claims worth at least €1 billion, reported financial newspaper Il Sole 24 Ore.

READ ALSO: How to stay out of trouble when renovating your Italian property

Because of this, from now on a compliance certificate will be required when accessing the superbonus via either credit transfer or a discount on the invoice.

The anti-fraud decree requires that a qualified technician establishes the fairness of the prices for the works, confirmed in an affidavit.

The company carrying out the work must demonstrate to the ENEA (National Agency for New Technologies, Energy and Sustainable Economic Development) that it has used materials that guarantee energy saving, and to the Revenue Agency that it has applied reasonable prices.

See more in The Local’s Italian property section.

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PROPERTY

Revealed: The most expensive places in Italy to buy a house in 2022

Many factors are at play when deciding where to purchase a home in Italy. To help you decide, here are the most expensive and sought-after locations in Italy, according to the latest data.

Revealed: The most expensive places in Italy to buy a house in 2022

Searching for the right property in Italy involves a balancing act of location, price, convenience and how much, if any, restoration work needs to be done.

Budget usually tops the list for house-hunters, narrowing down the number of potentials for making your move to or within Italy.

If the entire country is your blank slate, here are the areas in Italy that rank as the most expensive – and desired – according to data from property portal Idealista for the first quarter of 2022.

The report ranks the top 100 municipalities according to popularity, based on those listings generating the most leads (email contacts and shares) and those where the average final sale price is highest.

READ ALSO: How bargain homes made one Italian town €100 million in two years

Taking the top spot for the most expensive place to buy in Italy is Pietrasanta in Versilia, in the province of Lucca, which the researchers also state holds first place in the top 100 most expensive places to rent a house too.

This area includes the playground of the rich, Forte dei Marmi, where the average selling price of a house is over half a million euros (€541,351).

The table below shows the full ranking.

In second place is Alassio, in the province of Savona, where homebuyers will on average shell out €467,019 for a residential property (again, valid for the first quarter of 2022).

Venice comes in at third place, where the average asking price is €433,640.

READ ALSO: EXPLAINED: The hidden costs of buying a home in Italy

In the top 10 spots, the report noted that the most expensive properties are in tourist resorts, possibly driven by those wanting second homes in popular locations.

Such locations include Lerici, Riccione, Desenzano del Garda, Camaiore and Cervia, while the cities of Florence and Milan, where average sale prices exceed €350,000, have also made the top 10.

The study revealed that the final average price of a house for sale in Rome is €273,341.

Researchers also looked at popularity of locations, based on pressure of demand on supply across Italy.

Bologna topped the charts, making it the city with the highest number of contacts per advert (4.7) of houses for sale published on idealista. Cagliari followed in second with 3.8 contacts per advert and Milan (3.4 contacts per advert). Trieste, Naples, Rome, Salerno, Brescia, Verona and Lecce also made the top 10.

READ ALSO: 15 insider tips to make living in Bologna even better

Here’s a selection of the most popular places to buy in Italy based on the report data, narrowed down to the top 20.

See more in The Local’s Italian property section.

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