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«Construction, 110% deductions: it starts from July 1st but there are no implementing decrees»

CONFARTIGIANATO is planning for the next days an online meeting on the news related to the standard

From left Giuseppe Fratoni, Renzo Leonori and Pacifico Berrè

“On the eve of the possibility of being able to take advantage of the incentives for energy efficiency, seismic, photovoltaic adjustment and charging stations for electric vehicles, the standard better known as the 110% deduction, the implementing decrees are still unknown”. To underline the urgency of an intervention is Confartigianato Imprese macerata Fermo Ascoli. The association is planning a new online meeting for the next few days on the news relating to the standard in question.

«In fact, the rule envisaged by art. 119 of Legislative Decree 19 May 2020 n. 34, which has the aim of relaunching the activities of the home sector, energy saving and building safety through new heating systems, doors and windows etc., to date still awaits the implementation decrees necessary to learn how and how to start the practice and take advantage of the benefits provided by law. The standard gives the possibility of deducting up to € 60,000 for thermal insulation, up to € 30,000 for the replacement of air conditioning, photovoltaic, seismic adaptation systems, installation of systems for charging electric vehicles, etc. to the extent of 110% for the expenses incurred, documented and remained at the expense of the taxpayer, from 1 July 2020 to 31 December 2021, which will be divided into five equal annual installments “.

“The rule contained in the Relaunch Decree – he says Giuliano Fratoni, President of the building sector Confartigianato Imprese Macerata-Ascoli Piceno-Fermo – caused a stalemate for the wait for July 1st, causing serious damage to the sector. It is unacceptable that after the lockdown caused by the pandemic, construction sites are forced to stop again because the procedures are still unknown. Suffice it to say that the conversion into law of the decree is missing first, then the implementing decrees and to follow the directives of the Revenue Agency to make certain the planned interventions. We also believe that it is essential that all works, having the requisites required by the decree, started on January 1, 2020, can also be included in the subsidized regulation. We have tried as far as possible to promptly inform our companies through a webinar dedicated to this topic, but unfortunately without give certainties. In the meantime we are dealing with the transfer of credit, involving banks and insurance companies, to support the operations of small businesses, to prevent this opportunity from weighing and damaging liquidity “.

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