Bonus 110. Two decisive months, then goodbye transfer and bank account

Two months will be decisive for the 110 bonus for works carried out on buildings and single-family houses. In fact, at the deadline of September 30th, the progress of the works must reach a percentage of at least 30%.

Businesses are accelerating to get the job done, homeowners hope they don’t have to put it out of pocket.

Here are the prospects from now to September for those who are doing 110 work on their own house or on a single-family building.

Bonus 110 for the villas

It is now well established that the resigning government will not be able to extend the deadline again for the bonus 110 villas and single-family buildings. If with the DL 50/2022, the so-called Aid decree, the previous deadline of 30 June 2022 has been extended to 30 September, no other extensions will be allowed.

Overall, for works carried out on buildings and single-family houses, the 110 bonus is due:

• for expenses incurred up to 30 June 2022,
• also for those paid by 31 December 2022, subject to a specific condition.

In fact, paid expenses can also be facilitated (even in discounts on invoices or credit assignments) by 31 December 2022 if, on 30 September, the company reaches a state of progress of work 110, SAL, of at least 30%.

This percentage can be verified with respect to overall work. Therefore, 30% can be reached even considering jobs not admitted to the bonus 110. By doing so, it will be easier to reach the percentage of 30%.

Two decisive months, then what happens?

If at least in words, it would seem easy to reach the percentage of 30%, however in practice this is not the case. In fact, the latest news on credit assignments seem like a joke and companies have not yet found the support of banks to dispose of the tax credits in their possession.

Thanks to Legislative Decree 50/2022, the so-called Aid decree, banks can also assign credit to holders of VAT numbers, whether they are individual entrepreneurs or professionals. Without prejudice to the maximum limit of 4 transfers. Anyone who buys credit from the bank must hold a current account with the bank itself, or with the parent bank.

If these changes do not work, the risks for taxpayers are as follows:

• work stoppage;
• failure to reach the 30% SAL as of September 30th;
• impossibility that the building reaches the two energy classes higher than the starting ones.

Under such conditions, the firm could feel legitimacy a present the bill to the taxpayer.

In fact, if the 30% threshold is not reached, only the expenses incurred up to the date of June 30, 2022. In this case, the requisites required by the standard referred to in bonus 110 must be verified with respect to the works carried out within that deadline.

What has been said so far also applies to real estate units located inside multi-family buildings that are:

• functionally independent e
• have one or more independent accesses from the outside.

Most likely, the owner of the house or single-family building could have signed the contract for the assignment of the works to the company, with the clause that attributes the burden of paying for the works in the event of non-completion of the same or if the bonus 110 is missed.

Thus, the taxpayer could be called upon to pay for all the work.