Buying your first home
What this is about
Buying a first home is certainly one of the most significant financial steps in the life of a young person. The notary can provide the necessary support during all stages of the process, ensuring specialized and impartial guidance until the signing of the contract.
Highlights
Benefits “Under 36”
In order to encourage independent living for young people under 36 years old, Decree Law No. 73/2021 introduced new indirect tax benefits for buying a first home.
What are the benefits:
- for purchases not subject to VAT: exemption from payment of registration, mortgage and cadastral taxes;
- for purchases subject to VAT: exemption from registration, mortgage and cadastral taxes, as well as recognition of a tax credit in the amount equal to the VAT paid to the seller;
- exemption from substitute tax for financing provided for the purchase, construction and renovation of real estate for residential use.
Highlights
The role of the notary
The role of the notary in buying a house is of crucial importance. In fact, the notary’s report not only certifies that the seller of the property is the actual owner, but also guarantees the legal status of the property by assuring both the bank and the buyer about the absence of previously registered mortgages. Our firm can assist you throughout the buying and selling process, ensuring that the purchase of the property is done in compliance with all legal regulations. Our team of experts can also provide an important consulting service, to show you what tax benefits are dedicated to young people for the purchase of their first home and how to take advantage of them.
