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Is it too late to claim Italy’s building ‘superbonus’?

Is there still time to claim Italy's popular 'superbonus' discount for home renovations if you start your project now? Here's what you need to know about the timescales.

Is it too late to claim Italy's building 'superbonus'?
Could you still start a claim for Italy's superbonus? Photo by Laughing Cynic on Unsplash

Italy’s so-called ‘superbonus 110‘ continues to attract attention from home renovators keen to take advantage of potentially large sums of state aid available when making upgrades to property.

First introduced just over two years ago, in May 2020, it is billed as giving homeowners the chance to claim a tax deduction of up to 110 percent of the cost of renovation work.

READ ALSO: How Italy’s building ‘superbonus’ has changed in 2022

Building jobs covered by the bonus are related to making energy-efficiency upgrades and reducing seismic risk.

Other types of building bonuses existed before and are still available, but the popularity of this particular bonus stemmed from its unprecedented high value.

Due to demand, the popular scheme has been entangled in bureaucracy, fraudulent claims and consequent delays, leaving many property owners trying to use it concerned about whether they’ll able to finish their renovation projects in time.

Home renovators have more time to access Italy’s building superbonus 110, following the government’s announcement to extend the deadline again. But is it enough? (Photo by ALBERTO PIZZOLI / AFP)

In response, the Italian government has rolled on deadlines for accessing the bonus several times, with its latest extension giving some extra breathing space for owners of single family homes.

So is there enough time left to benefit if you haven’t started works yet? It all depends on the type of property you plan to renovate.

Here’s an overview of the likelihood of accessing Italy’s superbonus renovation pot now.

Single family homes

Those up against the clock are owners of single family homes.

Although the government granted a three-month extension to claim for building work on single homes, it’s still a tight timescale – particularly considering the continuing widespread delays.

It means property owners now have until September 30th to complete 30 percent of the overall works.

The extension replaces the previous completion date of 30 percent of renovations by June 30th – an impending risk to those caught up in delays and unable to meet the deadline in time.

READ ALSO:

It might just be enough time if you’re already in a queue or work has started on your project, but what if you’d like to get the ball rolling now?

Although there are only four months left to meet this deadline, tax expert Nicolò Bolla of Accounting Bolla told us he gets “daily requests” for the superbonus.

However, he advised homeowners to be careful: “It is a long journey and you need to have some money to renovate your property with the bonus. It’s an expanded timeframe and there are still supply chain issues,” he said.

Such issues include finding available building contractors and other professionals needed to carry out renovations, such as a geometra (civil engineer) and a termotecnico (thermal technician for heating and air conditioning).

Credit transfer problems have further delayed the scheme, meaning it could be difficult to obtain the credit in the first place needed to finance the works.

READ ALSO: Nine things we’ve learned about claiming Italy’s building ‘superbonus’

Can you find a contractor who will give you a quote? That could be an indication of being able to access the superbonus. Photo by MAX BEDENDI on Unsplash

As such, many people have been caught up in delays for months or since the superbonus began and are finding themselves still short of the 30 percent completion threshold.

Plus, even if you do meet that deadline in time, the final overall date to claim the superbonus for this category of property is still December 31st, 2022. That gives just three months to complete the remaining 70 percent of works.

Of course, the scale of the project will have an impact. If you’re planning to carry out extensive works, it’s unlikely there will be enough time to start the process – that is unless the government continue to roll on the scheme for this category, which they have previously done at the last minute.

READ ALSO: Do you have to be Italian to claim Italy’s building bonuses?

An indication will be if you can find a construction company available when you call your local suppliers. If they get back to you with a quote, there could be a slight chance.

Many homeowners, however, have told The Local that a lot of suppliers simply never even responded to inquiries and the ones who did came back with hugely inflated prices, due to both said high demand and increasing material costs.

Other property types

If you live in a different category of property, there are much longer timescales and more chances to benefit from the superbonus.

For work carried out on condominiums and by individuals on buildings consisting of two to four separate building units (even if owned by a single owner or co-owned by several individuals), the deadline to access the superbonus is December 31st, 2025.

However, the amount you can claim drops each year – from a maximum payout of 110 percent this year, the bonus is reduced to 70 percent for the whole of 2024 and 65 percent for the year after until December 31st 2025.

For a full list of the deadlines according to various property types, see here.

See more in The Local’s Italian property section.

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PROPERTY

Why towns in Italy’s Salento are offering new residents up to €30,000

As if the sunny south-eastern tip of Italy wasn’t enticing enough, towns in Salento have now announced big cash incentives for people moving in. Why is this needed, and what’s the catch?

Why towns in Italy’s Salento are offering new residents up to €30,000

Another town in southern Italy has joined a long list of depopulated areas which are trying to offload old, unwanted houses at bargain prices and offering cash incentives to new residents.

The municipality of Presicce-Acquarica, which is made up of two adjoining villages, has announced it will soon offer grants worth up to €30,000 to those willing to relocate there.

READ ALSO: The cheap Italian properties buyers are choosing instead of one-euro homes

No doubt the offer will be tempting to anyone who has visited the sunny Salento area, in Italy’s south-eastern Puglia region.

Salento sits right at the bottom of the peninsula that forms the heel of the Italian ‘boot’. It’s a highly popular summer tourist destination known for scorching temperatures, sprawling olive groves, whitewashed houses and long coastlines dotted with wild, pristine beaches.

With its famously abundant local produce, warm climate and authentic, traditional feel, Puglia (and Salento in particular) is an increasingly popular destination for foreign second-home buyers as well as holidaymakers.

The Italian region of Puglia is known for its unspoilt landscapes and agricultural traditions. Photo by Mathilde Ro on Unsplash

But the newly-announced incentives are aimed more at those who would become full-time residents, as the council hopes to attract young families and people planning to start a business.

Those moving to the villages of Presicce or Acquarica must be willing to invest in an older property in the area, and the council says it will subsidise 50 percent of the cost of a property purchase and any renovation work up to a maximum of €30,000.

READ ALSO: Why Italians aren’t snatching up their country’s one-euro homes

Houses for sale as part of the deal are reportedly priced from around 500 euros per square metre, meaning you could buy a 50-square-metre property at around €25,000.

Like other cheap or one-euro homes on sale across Italy, the eligible properties have long been abandoned and are likely to need significant renovation work.

The location of Presicce-Acquarica at the southern tip of the Puglia region. Image: Google Maps

To be eligible for the grant, the council says individuals or families must move their official residency to the town – which would require being a full-time resident in Italy, to begin with, something which could prove problematic for those who would need a visa, or who only want to spend part of the year in Italy.

And buyers would have to be sure about their decision, as the town hall is expecting them to stick around.

“The maximum sum of 30,000 euros is envisaged only if the buyer decides to move their residence for at least 10 years after the purchase,” Mayor Paolo Rizzo said, according to newspaper Corriere della Sera

The municipal council has already launched several incentives to attract new residents, including tax breaks for business start-ups and ‘baby bonuses’ for families with children.

After just 60 births compared to 150 deaths last year, the town hall says it will also grant new resident families €1,000 for every baby born there.

READ ALSO:

The municipality now has around 9,000 residents, around half of whom live in the old town, where the properties for sale are located.

But attracting new families to this sleepy area may prove a considerable challenge: like many other parts of Italy trying to reverse population decline with generous-sounding incentives, Puglia’s villages often have little public transport infrastructure, scarce public services, and limited employment opportunities.

Many villages in rural Puglia have an older population and are struggling to retain younger residents. Photo: Rich Martello/Unsplash

Perhaps the council is relying on the area’s outstanding beauty to tempt new residents: Presicce-Acquarica is designated as one of Italy’s ‘most beautiful’ villages, with a historic centre filled with ornate churches and Baroque palazzi.

The town is nicknamed the “city of green gold” due to the high quality of the oil from the surrounding olive groves, and it’s only a short drive from the Ionian Sea and the popular tourist destinations of Gallipoli and Santa Maria di Leuca.

The full details of the scheme and application process have however not been finalised yet, and will be published on the town hall’s website in the coming weeks, according to Italian media reports.

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