Budget Law Act 2025 (65% superbonus, 50%/36% deduction)
The Budget Law Act 2025 has arrived in the Chamber of Deputies and consists of 144 articles that Parliament can refine with amendments so that it can enter into force on 1 January 2025.
In a first ‘reading’ of the text, for those interested in the property and construction sector, we draw attention to Article 8, which is dedicated to deductions for work on existing buildings and the energy renovation of buildings, i.e. the ecobonus the renovation bonus.
Ecobonus: 50% in 2025 for primary residences only
The Ecobonus for energy renovation measures on buildings, which expires on 31 December 2024, is proposed again by the Budget Law Act, but in a ‘slimmed down’ version, as it was previously 65% for many measures.
The deduction under Article 14 of Legislative Decree 63/2013 is due for documented expenditure on subsidised interventions, namely 36% of the expenditure incurred in 2025 and 30% of the expenditure incurred in 2026 and 2027.
The ecobonus applies to 50% in 2025 and 36% in 2026 and 2027 for energy refurbishment measures for primary residences and 36% in 2025 and 30% in 2026 and 2027 for secondary residences if the same expenditure is incurred by owners or holders of rights of use in rem in the property unit used as the main residence.
Renovation bonus: 50% in 2025 for first homes, then less
As expected the Budget Law Act bill provides for additional support for first homes by setting the renovation bonus for 2025 back to 50% (deduction of costs incurred) with an upper limit of €96,000 as before.
But beware: the ‘basic’ deduction is 36% of the costs incurred in 2025 and 30% of the costs incurred in 2026 and 2027, which is increased to 50% of the costs incurred in 2025 and 36% of the costs incurred in 2026 and 2027 if the renovation work actually concerns primary residences.
Superbonus in condominiums: beware of the 15 October deadline
We already know that only the 65% deduction will remain from the superbonus in 2025 for work in the condominium, on buildings with 2 to 4 property units carried out by natural persons or on buildings in the third sector, such as non-profit organisations.
The budget law limits the scope: The deduction will only apply to work that, as at 15 October 2024:
(a) have submitted the notice of commencement of works (CILAS) referred to in paragraph 13-ter, if the works are not carried out in the condominium;
b) have been approved at the condominium meeting and have submitted the CILAS in accordance with paragraph 13-ter if the works are to be carried out in the condominium;
c) have submitted the application for a building title if the works involve the demolition and reconstruction of buildings.
Ergo: if confirmed, renovations started after 15 October 2024 will not be eligible for the 65% superbonus.