Home bonus 2024: who is entitled to deductions for renovation and furniture after the sale

The Revenue Agency provides clarifications on the 2024 home bonus and in particular answers the question: to whom do the residual amounts of the deductions go if the property is sold? The Revenue Agency identifies two different procedures in the case of deductions for restructuring or deductions relating to the furniture bonus.
Let's see in detail who is entitled to the deductions for renovation and the furniture bonus after the sale of the house.
Home bonus 2024: who is entitled to the deductions for renovation and furniture after the sale Deductions for renovation: who is entitled to it after the sale Sale of renovated property with Superbonus Deductions for furniture bonuses: who is entitled to it after the sale Deductions for renovation: who is entitled to it after the sale Unused deductions relating to renovation and recovery of the building heritage are transferred to the buyer with the sale of the property.
Unless otherwise established in the deed.
Article 16-bis, paragraph 8 of the TUIR establishes that in the event of sale of the real estate unit on which the interventions referred to in paragraph 1 were carried out, the deduction not used in whole or in part is transferred for the remaining periods of tax, unless otherwise agreed by the parties, on the natural person purchaser of the real estate unit.
In the event of the death of the beneficiary, the use of the tax benefit is transmitted, in full, exclusively to the heir who retains material and direct possession of the asset.
read also First home bonus 2024: how does the purchase work? Guide to requirements and benefits Sale of renovated property with Superbonus In the case of renovations with the tax benefits of the Superbonus, different rules apply.
The first thing to underline is that there are no limits or prohibitions on the sale of the renovated property with the benefits of the Superbonus, even with the transfer of credit or discount on the invoice.
With the new budget law, starting from 2024, anyone who sells the renovated property before a period of 5 years will have to pay taxes on the entire profit made at the end of the works, if they have chosen the discount on the invoice or the assignment of credit.
The five years must be calculated between the end of the works with the Superbonus and the date of the deed for the sale of the property.
read also Superbonus 110%, how is the capital gain calculated in the event of a sale? Deductions for furniture bonuses: who is entitled to them after the sale.
However, if the tax breaks concern the furniture bonus, different rules apply.
We remind you that the furniture bonus is still linked to renovation works, which is why the same tax treatment is expected for deductions.
However, this is not the case.
In this case, the remaining portions of the furniture and appliance bonus remain with the person who incurred the expenses and cannot be transferred to the buyer.
The Revenue Agency specified this in a response published in its online magazine FiscoOggi, clarifying the difference between the two facilitation measures regarding the transferability of deductions in the event of the sale of the property.
With regard to this regulation, it does not matter whether the furniture bonus is granted as part of a building renovation with deductions of 50 percent or more and whether the two measures are therefore closely linked: the furniture and household appliances bonus has a different treatment .
The furniture bonus consists of an IRPEF deduction which allows the recovery of half of the expense incurred, within the limit of 10,000 euros until 31 December 2022.
For 2023 the same amount remains, i.e.
50%, but it can be used on an expense maximum of 8,000 euros.
Finally, we would like to remind you that for 2024 the maximum amount of expenditure for which the furniture bonus can be used is 5,000 euros.
In the case of selling a house, the rules are different and it is necessary to refer to the Agency's standard documents to find out who is entitled to the furniture bonus deductions after the sale of the property.
Circular 21/4 of 23 April 2010, on page 7 specifies that in the case of a deduction for the purchase of furniture and household appliances, the taxpayer can continue to benefit from the quotas still unused even if, before the entire period for take advantage of the benefit, the house which is the subject of the building renovation works for which the deduction was used under the necessary condition to be able to benefit from the further deduction for the purchase of furniture – is sold.
With circular no.
17/2015, the Agency clarifies that this rule also applies in the event that the remaining portions of the deduction of expenses included in the restructuring bonus are transferred to the buyer upon the deed.
read also Furniture bonus 2024, what it is, how it works and amounts (also for household appliances)