Did you know from the 730/2020 model, i.e. from the 2020 income model, you can bring in deduction Even the expense supported by notary?
That’s right, it is possible to deduct notary fees which include both your fee and the costs of entering into a contract, or signing up and canceling your mortgage.
The Instructions for filing Income on the Revenue Agency website they explain how to fill in the relevant picture, in order to obtain an Irpef refund of 19% of the notary fees incurred in 2019.
Expenses notarial deeds which can I deduct? here are all the necessary indications.
For which deeds the deduction is due
As anticipated, the tax laws in force allow the deduction of part of the notary fees and part of the expenses incurred for any real estate brokerage service.
All this, however, provided that it is a purchase of a property to be used as a main residence.
The Revenue Agency clarifies that not only is the deduction of the passive interest of a mortgage, but also of the accessory charges.
What expenses can I deduct?
The Revenue Agency specifies that the notary costs subject to the deduction are as follows:
- the costs incurred for the stipulation of the loan agreement;
- ancillary charges;
- the notary’s fee;
- expenses incurred by the notary on behalf of the client, such as registration and cancellation of the mortgage.
The expenses incurred for the purchase contract are not included in the deduction.
Notary deeds expenses: how much and when can i deduct?
The maximum limit of deductible expenses is 4,000 euros, this means that the amount of the Irpef reimbursement of 19% cannot exceed 760 euros.
It should be noted that if the taxpayer has made a deposit with the notary in a given year and the depositary notary issues an invoice in the following year, the expenses are deductible from the tax due for the year in which the deposit was established.
The cash principle therefore applies.
In this case, our suggestion as the team’s tax experts Proiezionidiborsa is to keep the documentation certifying the date and amount of the deposit and the invoice issued by the notary.
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