Does the Sismabonus offer a subsidy for demolition and reconstruction work, with or without building additions?
According to the current regulations, costs relating to properties under construction do not qualify. However, the tax credit can be applied in the case of:
- Demolition and reconstruction of a building if its volume is not being increased, or with an increase in volume due solely to the seismic safety upgrade of the building;
- Renovation without demolition and with an extension of the building, only for the costs relating to the existing part of the building.
The tax credit is not applicable in the case of a demolition with reconstruction and addition, because such work is considered a “new construction”.