Italians residing abroad, the concessions for buying
Italian citizens residing abroad: buying a house in Italy, what benefits can you get?
Foreigners are increasingly choosing Italy to stay or buy a house. Year after year, the number of those from abroad who sets their sights on our "Bel Paese" and on places characterized by rare scenic and historical beauty is growing. Especially Europeans fall in love with our territory: Germans, Dutch and Swiss above all, but also many Russians who aim for unique and high quality pieces. Then there are the Americans, Norwegians and some Oriental, more practical but no less demanding.
If the foreigner wants to immerse himself in Italian culture, in recent years, a large part of the real estate market is driven by Italian citizens, who emigrated abroad years ago, who want to return to Italy by buying a house to use, initially as a holiday home, and then moving there. when they retire.
The return home of Italians who emigrated abroad in the 60s, 70s and 80s, after years of work and in many cases of entrepreneurial success in every field of work, are the representation of love for their country. A homecoming of people who have sacrificed a good part of their life in their work and in their dream, establishing themselves abroad.
The purchase of a prestigious real estate property in one's country of origin is also a demonstration of the success achieved abroad.
But for these Italian citizens residing abroad, what benefits can they get by buying a house in Italy?
The first requirement that matters is to have Italian citizenship, so in the first place there are no problems in the event that an Italian citizen is resident abroad.
The issue of residence abroad becomes relevant only in the case in which tax concessions are requested for the purchase as a "first home".
Many think that to buy the first home in Italy it is necessary to be registered with the AIRE (Register of Italians Residing Abroad). But this is a mistaken belief: seasonal workers, soldiers, diplomats and all those who have spent a period of less than 12 months are excluded.
As for Italians residing abroad, it is still possible to access the facility for the purchase of properties in the Italian territory. The facilitated form is confirmed by the Revenue Agency, with Circular March 1, 2001, no. 19 / E.
The "first home" benefits are provided in the event that you do not already own another home on the Italian territory, purchased with the same benefits, it is a property that does not fall within the cadastral categories excluded such as houses of luxury A1, A8 and A9. If a resident abroad requests the first home benefits, it is necessary to analyze the possibility that they will be granted despite the fact that he cannot have a residence in the Municipality where the property is located, having it in fact abroad.
An Italian residing abroad for work reasons can still purchase a property in the national territory in a subsidized form, as long as it is in fact the first home in Italy.
In any case, unlike an Italian citizen residing in Italy, it is not necessary for the subject to have residence in the house purchased in Italy, in order to have access to the "first home" facility, because the residence can be maintained abroad. for business reasons, even for an extended period of time.
Furthermore, to establish residence abroad it is not even necessary to register with AIRE, but a self-certification certifying that the subject works and lives permanently abroad is sufficient.
It is therefore recalled that there is no obligation to reside in the Italian territory. In this case, therefore, the subject can proceed with the purchase in a facilitated way as a "first home" with the following rates:
Purchase from private or VAT exempt
In case of purchase from a private individual (or from a company that sells VAT exempt), a registration tax of 2% (first home subsidy) must be paid, instead of 9%, on the revalued cadastral value of the property, while the mortgage and cadastral taxes are each paid in the fixed amount of 50 euros each.
Purchase from a company subject to VAT
If, on the other hand, the seller is a company with sales subject to VAT, the buyer will have to pay the value added tax, calculated on the price paid for the purchase, equal to 4% (first home subsidy), instead of 10%. In this case the registration, cadastral and mortgage taxes are paid in the fixed amount of 200 euros each.
For prestigious properties marketed by Broker Immobiliare Exclusive Real Estate, our multilingual staff is at your complete disposal for any further information or quotation for the purchase of a house in Italy.
