110% incentives
It seems too good to be true – do some work on your property and the government will give you all the money back plus another 10% for good measure. Well, it is almost too good to be true.
The scheme works like this:
If you do work to insulate or improve your home with regard to energy efficiency, or antiseismic measures you are eligibile to apply for the incentives as long as the the results increase your energy efficiency by 2 classes on your APE.
To qualify, therefore, you must have an APE before you start the work. You must pay with bank transfers, to a company with a DURC, using a professional who takes all responsibility for the job. Obviously you must have all necessary permits.
If you pay lots of tax in Italy and have money in the bank, you can claim the incentives over 5 years on your tax bill. If not, you can either use a building company who do the work free and they use the tax credit, (chances are slim) or cede the debt to a bank which charge you for the privilege (equally slim chances).
In theory it’s a clever idea to make sure houses are completely legal, root out people who pay ‘in nero’ and allow the catasto to increase the rateable value of the improved property, thereby getting more local taxes in the future. In practise it will allow well off people to do work they could easily afford to do without a tax break, and the little old granny living in a freezing, damp box will remain just that.
Both first and second homes are eligibile (a maximum of 2 properties) as well as condominiums. The incentives are valid will December 2021. ... See more