Important news for the first home benefits. an amendment to the Milleproroghe Decree was approved which extends the suspension of the terms for concessions until 31 March 2022. We therefore intervene on article 24 of the 2020 Liquidit decree. In particular, the suspended terms concern: 18 months from the purchase of the first home, for the transfer of residence in the Municipality where the purchased property is located; the term of one year within which those who sold the property, with the first home benefits, must proceed with the purchase of another property to be used as a main residence. The term of one year within which those who have purchased a property to be used as a main residence must proceed to the sale of the home that may still be in their possession.
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The concessions
But what are the benefits often called first home bonuses? In summary it is about reduced taxes to be paid when the purchase is made in the presence of the “first home” requirements. The concessions, in particular, apply when: the building you buy belongs to certain cadastral categories and not, for example, a luxury property. The benefits are then guaranteed if the building is located in the Municipality where the buyer has (or intends to establish) his residence or works and if the buyer has certain requirements. In particular, from 1 January 2016, the tax benefits have also been extended to the taxpayer who already owns a property purchased with the first home benefits, on condition that the house already owned is sold within one year of the new purchase. In the deed of purchase of the new property under the subsidized regime (sale, deed of donation or declaration of succession), the commitment to sell the house within one year must therefore be shown.
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Reduced taxes
As recalled by the guide on the house of the Revenue Agencythe taxes to be paid when buying with the “first home” benefits are:
– if the seller is a private individual or a company that sells VAT exempt, proportional registration tax to the extent of 2% (instead of 9%), fixed mortgage tax of 50 euros and fixed cadastral tax of 50 euros
– if you buy from a company, with sales subject to VAT, VAT reduced to 4%, fixed registration tax of 200 Euros, fixed mortgage tax of 200 Euros and fixed cadastral tax of 200 Euros.
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