Relaunch decree, the bonus for rents for bars, restaurants, hotels is activated: how to get it

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The rental bonus arrives and immediately operational. The Revenue Agency has released the circular and the tax code that allows, from today, to use the tax credit for a part between 30 and 60% of the rent paid in the lockdown months by the companies that have seen halve its turnover. The bonus, especially designed for bars, restaurants and hotels, generally concerns non-residential buildings intended for industrial, commercial, artisanal or agricultural activities. The circular, signed by the director of the Revenue Agency Ernesto Maria Ruffini, also includes third sector entities and civilly recognized religious entities among the beneficiaries, who carry out institutional activities of general interest.

The rules

The bonus will also apply to leasing or concession fees and the tax code to be indicated will be 6920 and will allow companies to offset the taxes to be paid with the F24 model. The credit may also be transferred.
THE BONUS
The tax credit equal to 60 per cent of the rent for properties for non-residential use and 30 per cent of the rent in cases of business lease contracts. The amount to be taken as reference is the one paid in the 2020 tax period for each of the months of March, April and May. however, the fee must have been paid. In case of non-payment, the possibility of using the tax credit remains suspended until the moment of payment. If, on the other hand, the rent has been paid in advance, it will be necessary to identify the installments relating to the months of use of the benefit, parametrising them to the overall duration of the contract. When condominium expenses are agreed as a unitary item within the rent and this circumstance results from the contract, condominium expenses can also contribute to the determination of the amount on which to calculate the tax credit.

WHO IS UP
Tax credit for lease payments on non-residential properties and business leases for those who carry out business, art or profession activities, with revenues or fees not exceeding 5 million euros in the tax period prior to the one in progress on the date of entry into force of the Relaunch decree. The tax credit granted to hotels and agritourism structures regardless of the volume of revenues and fees recorded in the previous tax period. This also includes non-commercial entities, including third sector entities and civilly recognized religious entities. Flat rates and agricultural businesses are considered included. Also included are those who carry out a seasonal hotel or agritourism activity; in this case, the months to be taken as a reference for tax credit purposes are those relating to the payment of the fees of April, May and June.

THE REQUIREMENTS
The tax credit is due on condition that the subjects carrying on economic activity have suffered a decrease in turnover or fees in each of the months of March, April and May by at least fifty percent compared to the same month of the previous tax period. The drop in turnover or fees must be verified month by month. So there may be the case, for example, that you are entitled to the tax credit for only one of the three months. The circular also clarifies that the credit is due regardless of the cadastral category of the property, noting the actual use of the same in the activities mentioned above.

HOW TO USE THE BONUS
The tax credit that can be used in compensation, in the tax return relating to the tax period for incurring the expense; or, alternatively, it can be transferred. The assignment can take place in favor of the lessor or the grantor, or of other subjects, including credit institutions and other financial intermediaries, with the option of subsequently assigning the credit for the latter. In the event that the tax credit is transferred to the lessor or granting the payment of the fee to be considered at the same time as the effective date of the transfer, against the financial administration. In other words, in this particular hypothesis it is possible to use the credit even in the absence of payment, without prejudice, however, to the payment of the difference due with respect to the amount of the agreed assignment. The credit that can be used in the tax return relating to the tax period for the expense



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