Superbonus 110% and credit transfer
Superbonus 110% and credit transfer: this is how it works
With the 2020 Superbonus, you can carry out energy redevelopment interventions in your home and recover up to 110% of the expenditure incurred, in the form of a tax deduction, over a period of 5 years.
The Superbonus therefore allows you to save on:
- interventions that increase the energy class of the building
- installation of photovoltaic systems
- installation of infrastructure for charging electric vehicles.
If you want to know more about which jobs are affected by tax breaks, we invite you to read this in-depth study: Superbonus 110%, what it is, how it works which jobs.
Superbonus 110% works like this:
- you have the energy redevelopment work carried out and you pay for all the work
- over the next 5 years you get a tax discount of up to 110% of the expense you incurred.
It therefore seems a solution reserved for those who have a lot of liquidity or a lot of taxes to pay.
In reality, there aretwo other options that you can take advantage of to get the return on your investment immediately: the credit transfer and the discount on the invoice.
What is the assignment of credit and how it works
The assignment of the tax credit allows you to obtain the transformation of the corresponding amount into a tax credit and to be able to transfer it to other subjects, including credit institutions and other financial intermediaries.
In this way, it becomes possible to carry out the work even in the event of low liquidity, without having to spread the tax credit over 5 years.
Another way to be able to save directly on the cost of the work is the discount on the invoice, which directly affects suppliers.
The discount on the invoice is a sum that corresponds to the deduction, which is directly deducted from the invoice by the supplier who carried out the work. In this case, therefore, you can simply not pay a large part of the sum due for the work.