“I trusted the state, but without credit transfer I risk losing my home”- Corriere.it
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Our reader’s email
We have received an email from Ms. IT, whom we prefer to quote with initials only despite not expressing a request for anonymity, which raises a very delicate issue. Our reader writes: I would like to report a situation that affects hundreds of people, perhaps thousands as I understand from some of the chats I follow. These are those who joined the Superbonus by carrying out 30% of the works by last September, completing the works by December and then paying all the invoices by the end of 2022. But they are unable to transfer the credits, which are from 2022… Many in order to be able to do the work, they asked for loans from relatives and friends, others took out loans from agencies at almost usury rates. Believing in the seriousness of the state and in the banks, like me. We are now in a dramatic condition, especially the incompetent and the VAT flat-rates, who in any case cannot use direct tax deductions. Nobody cares about these families, many even risk having to give up their homes because they have nothing else.
How are things
Let’s recap, even if the lady was very clear, first of all the terms of the question: to take advantage of the Superbonus to the extent of 110% for an independent house, it is necessary to have completed the works by 31 March this year, but it must also be demonstrated that the 30% of the works concerning the property was completed by 30 September last. It was therefore not necessary to pay everything by 31 December last year, it is enough to have paid 30%, but those who did, since the bonuses work with the so-called cash criterion, accrue the right to the entire deduction starting from the declaration of income this year.
Platforms that accept credit
The financial disaster that taxpayers risk in the situation described in the email unfortunately arises from a fact: the law states that the taxman pays the bonus directly and that, alternatively, it is possible to opt for the transfer or for the discount on the invoice but there is no obligation on the part of the companies to discount the invoice nor on the part of the banks or other financial entities to accept the transfer and in this phase the banks continue not to accept new practices, despite according to the Mef’s calculations they would still have the fiscal space to do so, and the construction companies have neither the liquidity to pay employees and materials without being able to sell them in turn nor the fiscal capacity to wait for direct refunds. There are private platforms that accept credits, for example the Sibonus platform, promoted by the Chambers of Commerce and by the National Order of Accountants, declares on the home page that Superbonus credits are acquired with a 14.2% discount on the credit (i.e. you receive 94.38 euros for every 100 euros of deductible expenditure and which would entitle you to 110 euros if requested directly from the tax authorities). With other platforms that we have consulted, it even drops to 88 euros for every 100 spent.
What could the government do
We fear that with the increase in demand and the increase in the cost of money in the next few days these conditions could worsen. The email presents the situation of a slice of “Superbonus exodus”, but the problem of blocking credits also concerns condominiums (in different terms: a condominium generally does not advance the money for the works to then carry out the transfer) and therefore ultimately tens of thousands of taxpayers and thousands of companies: a reopening of the terms or methods of using the bonuses cannot be ruled out. If, for example, the deduction were transformed into a tax credit, it would not completely solve the problem but at least it would alleviate it.
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