New law published in the Official Gazette that will allow zero-cost renovation
We always receive a lot of inquiries on the topic of the Relaunch Decree and the application of the 110% Superbonus so we thought we would elaborate on this matter.
The legislation is almost complete in fact the May 19, 2020 Relaunch Decree was converted into law and published in the Official Gazette on July 18, 2020.
Many informative articles can be found on the web, however, we recommend reading the Official Gazette directly by getting your own idea of the Law and then possibly comparing the commentary articles to see how others have interpreted the rule. You will then find that often many commentators have written things that are perhaps not entirely accurate.
The article we are interested in is No. 119, which talks about.
- Eco bonus
- Earthquake bonus
Also veryimportant is Article 121, which talks about credit assignment and explains how even cittandins unable to take advantage of tax benefits can still improve their homes.
The link to the government site from which the PDF can be downloaded is as follows:
https://www.gazzettaufficiale.it/static/20200519_128_SO_021.pdf
Energy efficiency
Thanks to the Eco Bonus, the law basically allows you to do energy efficiency by diverting money that you would normally pay in taxes and using it to pay for it:
- Improving thermal insulation;
- replacement of facilities.
Seismic improvement
The national scourge of seismic vulnerability of our building stock can be cured thanks to the Sisma Bonus. People will be able to direct money that would otherwise have to be paid in taxes to seismic improvement of their homes.
The assignment of credit
The government thought that this decree should be able to facilitate all Italian citizens who own property regardless of their income level.
Art. 121 of the rule clarifies how this can be done through the assignment of the credit, so those who will not be capacitated, i.e., will not be able to directly take advantage of the tax benefit due to the drastic reduction in taxes to be paid will still be able to benefit from the assignment of the credit to a bank or other financial institution.
In this way, work can be done while paying nothing or almost nothing of the expected cost of the work to be done.
Of course, we are also able to give advice and assistance on these very important aspects of this decree.
Spending limits
We will delve into the analysis of spending limits in the next articles on these pages. The old bonuses provided deduction limits, today the new bonuses provide spending limits by dividing the works between trailing and towed.
The trananti works underlying the Eco Bonus intervention will be:
- isolation;
- centralized systems.
Towed works may be added to these works:
- PV;
- window frames;
- sunscreens.
Prerequisite for accessing super tax deductions
The basic condition for accessing tax deductions is this:
- the intervention must improve the building by 2 energy classes;
- in case of earthquake bonus the strength must be improved by 2 classes.
These are basic conditions for getting the bonus, however, it is not enough:
- the work must be regular in terms of urban planning (building permit, scia, cila);
- Occupational safety regulations (safety plan, Spisal, etc.) must be complied with;
- at the end of the work, the Enea file must be completed, which is the control body for the degree of insulation of buildings in Italy and the interface with community bodies.
Our service
Thus, the path to follow seems quite clear, and we are able to provide all the advice needed to:
- Ascertain the applicability of the law;
- design;
- realize;
- Close the work and complete the Enea file.
Demolition and reconstruction
The day before the Relaunch Decree was converted into law, the Simplification Decree was published, by which demolition and reconstruction work has become definitively easier, which is definitely assimilated to renovation and fully falls under the categories of
- Eco bonus
- Earthquake bonus
From this link you can download this Decree:
file:///C:/Users/windows/AppData/Local/Temp/20200716_178_SO_024.pdf
The Simplifications Decree makes it possible to transform a building constructed without compliance with seismic standards at a time when building control was not sufficiently regulated into a new seismic-resistant organism with a glulam frame or Xlam structure capable of withstanding even very violent seismic events without sustaining damage.
We reserve the right to elaborate on the Restructuring legislation in a future in-depth article as this is a relevant issue for us.
In conclusion
The government has made available the financial instruments to carry out the works to modernize the building stock at zero or almost zero cost to the citizen. Now it is important that the works be carried out well.
It is essential that the works be carried out by the professionals and contractors with honesty and competence by opting for sustainable materials, avoiding plastic products derived from petroleum.
It will also be important that the improvements are real and not just legal compliance for maximum economic benefit but for maximum reduction in fuel consumption and pollutant emissions.
We would have liked the government to have boldly asked the question about the nature and derivation of materials by favoring materials of plant origin (such as the wood we use in our projects, wood fiber for insulation, hemp or other natural products) or even minerals with low environmental impact by discouraging plastic derivatives.
This aspect remains delegated to the personal sensibilities of the clients and the expertise of the technicians who will be able to explain to the clients how to build sustainable houses with a high degree of well-being.