The topic of cadastral income returns to the center of the debate with the announcement of new measures by the Minister of Economy Giancarlo Giorgetti. In particular, those who have benefited from super incentives for energy efficiency, such as the Superbonus, will have to adapt the cadastral income of your propertyoften with an increase in value.
This could lead to higher taxation for second or third homes and an increase in taxes in the case of sales.
But what are the concrete impacts of these new provisions? And what should we expect from the reforms planned for the coming years?
Let’s find out in detail.
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Review of cadastral income: why is it important?
The revision of the cadastral income for those who have carried out building renovation works using the Superbonus is not an absolute novelty. A similar rule had already been included in the previous Budget law, obliging those who benefited from these bonuses to communicate the changes to the land register at the end of the works.
However, with the new maneuver, the government intends to make this process even more stringent, integrating the information present in the Energy Performance Certificates (APE) with the cadastral data. This cross-referencing of data will allow the Revenue Agency to quickly identify those who have not updated their income and intervene accordingly.
The change in annuity will result in a increase in the cadastral value for properties that have undergone improvements, such as the installation of solar panels or the replacement of old fixtures with highly energy efficient models.
This will have direct repercussions on the taxes due, such as the IMU for second homes and registration taxes or VAT in the event of a sale.
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“Ghost” properties and small building violations: what does the regularization plan include?
Another important part of the government’s strategy is the fight against “ghost” properties, i.e. those buildings not registered in the land register which escape any form of taxation. The measure provides for a detailed mapping and a census of these structures, with sanctions for those who do not regularize their situation.
At the same time, the government intends to launch a building amnesty to remedy small abuses, especially those that block the possibility of renting or selling a property. This intervention will complement the policy of reviewing cadastral income, allowing owners to bring their homes up to code and, at the same time, increasing tax revenues for the State.
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The news for building incentives: cuts in sight
The building incentive system is also the subject of a major overhaul. Starting from 2024, the government has foreseen a reduction in the deductible rates for ordinary renovation interventions, which will go from 50% to 36%, with a maximum deductible expenditure ceiling reduced from 92,000 to 46,000 euros.
For energy bonuses, however, the deduction will drop from 70% to 65%.
These cuts are part of a broader reform which aims to rationalize the use of bonuses, orienting them more towards interventions on first homes and limiting the use of these tools for second or third homes.
The objective is also to harmonize national policies with European directives on energy efficiency, which require Member States to achieve stringent objectives in a short time.
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First homes and income: a new criterion for access to incentives
Another innovation concerns the criteria for access to incentives. It is expected that the new construction subsidies will be reserved mainly for first homes, therefore excluding holiday homes or properties intended for rent. Furthermore, the government intends to introduce a deduction mechanism modulated based on income, with higher benefits for those in economic difficulty and direct support, in the form of a monetary contribution, for those who are incompetent.
This measure aims to make access to bonuses fairer, preventing tax deductions from being disproportionately exploited by taxpayers with high incomes and facilitating the energy redevelopment of the homes of the weakest sections of the population.
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Super bonuses and stranded credits: the question of 2023
The question of credits accrued in 2023 with the Superbonus remains open. Due to regulatory changes, these credits cannot be transferred over ten years, as was the case for previous years.
The transfer of the credit has been blocked, and there is still no definitive solution for 2023, exposing taxpayers to the risk of not being able to recover the amounts spent on the works. A situation that the government is trying to resolve with new compensation tools, but which currently remains critical.