Anti-seismic improvements Let's take stock of tax breaks

(Adnkronos) - Bergamo, 25 January 2023 - Recent earthquakes that have struck Italy's territory have brought to light how fragile the nation's architectural legacy is. However, this does not apply to buildings constructed before 2008, which may not be sufficient to support the loads of a potential telluric event. The new structures are required to comply with the current Technical Standards for Construction (NTC), which are more stringent than in the past in terms of seismic vulnerability.

The so-called Sismabonus, a measure that grants access to a number of concessions for all those anti-seismic improvement works carried out on existing residential or productive structures, was thus introduced in order to promote the safety of buildings. The Sismabonus, which has been extended by the 2022 Budget Law through December 31, 2024, entitles taxpayers to a deduction from income taxes for a portion of the cost of supported anti-seismic interventions, subject to a number of conditions and percentages that may change depending on the year in which the expense is incurred.

Naturally, in order to benefit from the State of Marketing, certain tasks must be completed. These tasks can be assigned to specialized businesses like Seriana Edilizia, a leader in the industry that also handles handling all the administrative tasks on behalf of the businesses. What percentage of the Sismabonus's disbursed amount is subject to deduction? The Sismabonus's disbursed amount is subject to a deduction of 50% through December 31, 2024.

The tax relief must be calculated specifically on an amount that, overall, must not exceed 96,000 euros for each real estate unit and for each year, and must be divided into five equal annual installments beginning with the year in which the expenditure was made. The deduction is to be considered higher, equal to 70 or 80 percent, and can reach a percentage of 80-85 percent if the anti-seismic improvement affects common areas of condominium buildings. If the intervention results in a reduction of the seismic risk of one or two classes, the deduction is to be considered higher, equal to 70 or 80 percent.

Even in the absence of a preliminary assessment of the seismic class, you can take advantage of the Sismabonus for warehouses of 70% if the intervention aimed at eradicating structural deficiencies is carried out on productive prefabricated buildings. In this instance, it is actually believed that the reinforcement intervention, intended to remove the critical problems related to the absence of constraints, will allow the building to reach a more advantageous seismic class than the initial one, regardless of the starting situation.

Which seismic regions are impacted by the Sismabonus? The Sismabonus-affected safety measures must be implemented on structures located in regions where they are deemed to be at higher seismic risk by the seismic classification adopted with ordinance 3274/2003. In actuality, the sismabonus has an impact on properties constructed in zones 1 and 2, i.

e. Zones 1 and 2 are those where the likelihood of a large earthquake occurring is quite high, and Zone 3 is where, despite being less likely than Zones 1 and 2, it is still possible for a sustained telluric event to occur.

Zone 4, on the other hand, is not eligible for the Sismabonus because it is thought to be the least dangerous zone and is not expected to experience many earthquakes of a strong magnitude. Who can apply for the Sismabonus and the most recent news The tax relief provided by the Sismabonus is intended for taxpayers who are subject to both IRPEF (the personal income tax) and IRES (the tax on the income of corporations).

They must be the owners of the real estate affected by the anti-seismic interventions, or they must hold the property with a title that is appropriate, and they must also be the financiers of the costs associated with the deductible safety operation. The ability to benefit from the transfer of credit and the invoice discount have both been expanded by the 2022 Budget Law.

However, in this situation, as governed by the anti-fraud decree (DL 157/2021), new measures have been introduced to stop any illegal behavior. In particular, with ordinary bonuses other than the Superbonus, it is necessary to produce the so-called compliance visa and sworn statement on the adequacy of the expenditure in order to benefit from the transfer of credit and the discount on the invoice. The costs of these items are also deductible if they are incurred by 2022 and are necessary for the new seismic classification.

For more information Website: Tableau Editorial responsibility: TiLinko – IMG Solutions for Evidenzio to benefit from the transfer of credit and the discount on the invoice, it is necessary to produce the so-called compliance visa and sworn statement on the adequacy of the expenditure, the costs of which, if incurred by 2022, are deductible, as are the expenses necessary for the new seismic classification. For more information, visit Tableau. TiLinko - IMG Solutions is responsible for the editorial work. For Evidenzio to be eligible for the transfer of credit and the discount on the invoice, it must present the so-called compliance visa and sworn statement on the appropriateness of the expenditure, both of which, if paid by 2022, are tax deductible along with the costs associated with the new seismic classification.

TiLinko - IMG Solutions for Evidenzio is responsible for the editorial work on the Tableau website, which has more information.