All owners of properties located in Italy, even if not resident in the territory of the state, can benefit from the 110% bonus for energy efficiency and anti-seismic interventions.

With the answer dated October 27, 2020 n.500, the Italian Revenue Service has clarified that the owners of properties located in Italy can benefit from building deductions, even if they are non-residents in the Italian territory.

The clarification concerns the 110% superbonus introduced by art. 119, DL 34/220 but it seems to be valid for all building deductions due in relation to certain interventions on buildings.

The Superbonus is a subsidy provided for by the so-called “Relaunch” Decree which raises to 110% the deduction rate for expenses incurred for specific interventions in the field of energy efficiency and for further interventions related to those.

Not being able to directly benefit from the bonus, as they do not normally pay taxes in Italy, the non-residents will be able to opt for the transfer of the tax credit of an amount corresponding to the deduction to other subjects, including Banks and other financial intermediaries or for the discount by the supplier on the consideration pursuant to Article 121 of Legislative Decree 34/2020.


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