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Tax news 2024: Changes to the IRPEF for real estate capital gains with super bonus

The Finance Act 2024 introduced important tax changes for properties that benefit from the superbonus. 

Here is everything you need to know:

1. new taxation of capital gains:
Capital gains from the sale of properties with works carried out under the superbonus (article 119 of Legislative Decree 34/2020) are now subject to IRPEF if the sale takes place within 10 years of the completion of the works.
This also applies to all interventions that benefit from the superbonus, regardless of the deduction percentage (110 %, 90 %, 70 %, 65 %).

2. calculation of the capital gain:
The capital gain is calculated by deducting the purchase or construction costs of the property plus all other associated costs from the sale price.

3. attenuations and accentuations:
If the purchase or construction is more than 5 years after the sale, the acquisition or construction costs are revalued according to the consumer price index.
For superbonus work completed less than 5 years ago, the cost of such interventions will not increase the cost if the superbonus was used at 110 % with transfer options or discount on the invoice.

4. exclusions:
Inherited properties and those used as a main residence are exempt from this new taxation according to specific legal definitions.

5. applicable tariffs:
The usual IRPEF rates (from 23 % to 43 %) or a substitute lump sum of 26 % can be applied to capital gains.

These changes are aimed at regulating the real estate gains associated with the benefits of the superbonus, which affect those who sell properties that have been renovated with this incentive.