Italy Extends Controversial House Tax Break at Cost of Billions
- Government allows already approved renovations to be completed
- Deal is a compromise among Meloni’s coalition parties
Construction on a residential building in Rome.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Giorgia Meloni’s government has agreed to partially extend the deadline for households to tap a controversial incentive for house renovations that has cost Italy billions of euros.
Homeowners who already secured approval to finance renovations with the so-called ‘superbonus 110%’ will be allowed to complete them next year, a partial reversal to a strict 2023 deadline to complete the works already approved.