who can ask for the deduction – Corriere.it

Among the rules under discussion in the Budget Law is the replication of a benefit already introduced in 2016 and then extended for 2017:the tax deduction of 50% of the VAT paid for the purchase of homes in energy class A and B. The tax break is a ploy to avoid directly adjusting the VAT rates, an operation that would imply the EU green light. The mechanism it follows that of the 50% bonus for renovations: you are entitled every year for 10 years to an Irpef deduction equal to a 5% quota of the VAT paid.

How the deduction works

The deduction is given up to the amount of the personal income tax due year by year, any excess can neither be reimbursed nor used to offset other taxes with the F24 model: the situation which technically is defined as fiscal incapacity. For example, let’s assume that an employee spends 15,000 euros in VAT in 2023 to purchase a house in energy class A or B and has produced income that entails the payment of 5,000 euros in personal income tax, net of deductions, and that these 5,000 euros have already been retained in the paycheck. He has the right to a 750 euro deduction per year which he can ask for as a refund or use to offset other taxes.

The non-transferable VAT bonus

If the same worker in 2023 had deductible expenses that already led to the cancellation of the Irpef (for example because he paid the fee for the redemption of his degree for pension purposes in a single solution) he will not be able to obtain any advantage from those 750 euros in the tax return which he will present in 2024. If the conditions are met, he will be able to use them again in 2025. There is a significant difference compared to the restructuring bonus: the latter is transferable in case of resale of the property, the VAT bonus is not. The bonus applies to the purchase of residential properties regardless of whether it is a first home or not and also the luxury homes (land registers A1, A8 and A9) e appurtenances with their own cadastral number (such as boxes).

What are the subsidized expenses

For the facilitation, the cash criterion is applied and therefore only the sums spent, by way of advance or balance, in 2023 are facilitated, unless extended. Anyone who is buying a house and paid advances in 2022 will not be able to deduct them. We recall that the VAT due for the purchase of houses sold by the builder. very expensive, because unlike the registration tax, which is paid for used houses on the basis of the cadastral value, the VAT is calculated on the actual sale price. The rate of 4% on first homes, 10% on second homes and 22% on luxury homes.