The 110% Bonus is the one that required, compared to all the other benefits granted by the Government, more clarifications from the Revenue Agency. So apparently fall within the deduction of 90% also the refurbishment and waterproofing of the balcony flooring. This is what is clarified byAgency in a response posted on his site. So, in other words, the Facades Bonus also extends to balconies. In general, the deduction is recognized on works that affect the entireouter casing of the building visible from the street. However, the walls of the internal courtyards, which are not visible from the outside, are excluded. More specifically, the arrangement of the opaque parts of the façade, the balconies and the ornaments and friezes visible from public land are included in the facilitation in question.
The renovation of the balconies is part of the 90% bonus on the facades
Therefore, through the clarifying interventions of the Revenue Agency, it is outlined in an ever more detailed way, which works are subject to the advantage regime. It is clear that the Facades Bonus also extends to the balconies. Specifically, on balconies and ornaments are allowed: consolidation, restoration, cleaning and painting of the surface, renewal of the constituent elements. Furthermore, we have: the removal, thewaterproofing and refurbishment of the balcony flooring. To these are added: the removal, repair and subsequent painting of the deteriorated parts of the under-balconies and front panels. This means that, in the context of condominiums, the façade bonus also includes the removal of the balcony flooring and its waterproofing.
What are the advantages
As for all other measures included in Superbonus 110%, beneficiaries of the facades bonus can also benefit from a 90% tax deduction. This is divided into ten equal annual installments, up to the amount of gross tax. In addition to the tax deduction, you can also opt for the discount on the invoice or for the transfer of the tax credit of the same amount. In turn, the company that receives the credit will be able to recover the sum in the form of a tax credit, with the possibility of transferring it to third parties. Furthermore, the recipient of the credit can also be a different person from the company carrying out the renovation works. In fact, the taxpayer can also decide to transfer the credit to other subjects, for an amount equivalent to the deduction.
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