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The discount and the transfer of the 110% bonus find (for the first time in a structured way) the collaboration of the banks. An agreement just signed between Confapi and Intesa Sanpaolo will allow companies to transfer the tax credit deriving from the superbonus introduced with the relaunch decree also to banking institutions, which can acquire these benefits and intervene to support operators in the construction sector. The agreement is the first example of how the banking world can play a role of primary importance for the success of the provisions, while waiting for the ABI, the Italian Banking Association, to issue its own guidelines in this regard. And it also arrives promptly, if we consider that the provision to communicate the assignment of the credit is dated 8 August last. From the document released yesterday by Intesa Sanpaolo and Confapi it is already possible to understand that the lines of intervention of credit institutions can be of two types:
– on the one hand, through their own financial support, to the companies that will carry out the interventions that give rise to the superbonus. In the agreement examined this happens for the Confapi associates, through a loan in the form of advance contracts for the entire duration of the works, and for which the possibility of support from the central guarantee fund is also provided;
– on the other hand, by purchasing the receivables from the companies that carried out the works with the without recourse formula, thus favoring the immediate disposal of the tax credits acquired by the executing companies by granting the discount on the invoice or the actual transfer from these carried out in favor of the original beneficiary.
With regard to the purchase and settlement of the tax credit with the formula of the assignment without recourse, it is possible for all the other bonuses for which, as an alternative to the deduction in the tax return, the assignment of the tax credit or the discount of the consideration on the invoice (ie, eco bonus and ordinary earthquake bonus, facade bonus, renovation bonus, photovoltaic bonus and bonus for electric columns “not towed” by the interventions referred to in paragraph 1 letter a), b) and c) of ‘art. 119). The purchase of the tax credit, it is further clarified, will be possible even in the absence of the loan through advance contracts.
The document does not go into the operational details on the costs of both options, which presumably will be carried out taking into account the general market conditions and interest rates in force from time to time. Instead, it is specified that “the parties agree that the final decisions regarding the existence of the requisites for granting credit are exclusively subject to the independent and discretionary assessment of Intesa Sanpaolo”. The agreement lasts until 31 December 2021 but is renewable from year to year.
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