110% bonus, invoice discount and credit transfer: how to be sure that the jobs will be free?


In addition to the fact that the percentage has been raised to 110%, what attracts more than new bonus eco and earthquake

Good evening. We have started to practice with a company. But how can I be sure they do the jobs and I don’t have to pay anything? Thanks so much

I have a second home in a condominium in the mountains. One of my neighbors let me know that he is in contact with a company that would be willing to perform free jobs for eco and earthquake bonus with the assignment of 110% credit. He wanted to know if I agreed and interested. It would also be fine for me, but how can I be sure that, during construction, the company does not ask us for advances or payments?

All doubts about the invoice discount: how does it work?

The invoice discount it is not an absolute novelty closely related to bonus 110%. This possibility, in fact, already existed before and was indeed strongly criticized by companies, especially medium-small ones, penalized. From this year, for the 110% bonus, some rules that favor the company could be included and which, therefore, would make the assignment of credit more convenient for them too. First of all, the greater repayment compared to the advance rate (10% more), also the possibility of transferring the credit in turn to third parties, including banks.

If confirmed current rules also for the new bonus 110%, customers must have a PIN and communicate the online credit transfer to the Revenue Agency. Once this option is confirmed, there is no risk. Attention because the responsibility for what has been declared remains with the taxpayer: the company becomes jointly and severally liable only if it transfers the credit.

How credit transfer works

With this mechanism:

  • the creditor original, or the assignor, immediately gets the money (even if with a lower percentage than he would have been entitled to in deduction in 5 years);
  • the assignee creditor, i.e. the buyer, therefore becomes the holder of the credit right that was the subject of the transfer.

Read also:

Ecobonus 110%: the rules for transferring credit to the bank

What are the methods of credit transfer

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