Italy Revenue Agency Clarifies Energy-Efficiency Superbonus Deduction for Functionally Independent Real Estate Units

The Italian Revenue Agency Jan. 7 posted online Letter No. 16, clarifying the application of the 110 percent superbonus deduction for functionally independent real estate units with independent access from the outside. A taxpayer owned a building with three residential units, two of which he rented out. The taxpayer intended to renovate each of the units, and inquired as to whether the properties were eligible for the 110 percent superbonus deductions. The agency clarified that: 1) functionally independent real estate units with independent access from the outside are eligible for the superbonus if all the requirements are met; and 2) ...