DL Sostegni bis
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In these days, the Government is working to approve the "DL Sostegni Bis" (Support Decree 2), and among the various measures, there is a provision for facilitating the purchase of the first home by individuals under 36 years of age, without limitations based on employment contract types. The real estate sector contributes approximately 20% to Italy's GDP, making it a significantly important lever for our economy, as housing has always been a priority. To facilitate the purchase of the first home, an exemption from the registration tax and mortgage and cadastral taxes is foreseen, with the exception for categories falling under luxury goods, such as A1 (luxurious residences), A8 (dwellings in villas), and A9 (castles, buildings of eminent artistic or historical value). Additionally, a 50% reduction in notary fees is envisaged. For those purchasing from a company and, therefore, under VAT, there will be a tax credit that can be offset against income taxes after the purchase date. Good news also comes on the front of access to credit, as the Government will allocate funds as collateral to enable new young buyers to apply for 100% mortgages.
