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Italy Tax Agency Clarifies Superbonus Deductions for Anti-Earthquake, Energy-Efficiency Property Modifications

April 16, 2021, 5:00 AM

The Italian Revenue Agency April 13 posted online Letter No. 242, clarifying the application of superbonus deductions for the conversion of various property units to a single residential property unit. A taxpayer co-owns a residential property and two adjacent non-residential properties, which he plans to demolish and reconstruct into a single house with a garage. The taxpayer requested clarification as to his eligibility for superbonus deductions for both anti-earthquake modifications and energy-efficiency modifications on the construction project. The agency clarified that the construction modifications are eligible for the superbonus deductions, and that: 1) for the anti-earthquake modifications, the deduction limit ...