The new regulations do not take into account the citizenship of the buyer and are applicable both to Italian citizens and foreigners
Decree 69/2023 has introduced amendments to the legislation governing incentives for the purchase of a first home.
In order to harmonize domestic legislation at the European level following an infringement procedure initiated by the European Commission, the legislator has made amendments to the legislation governing incentives for the purchase of a first home.
Specifically, the amendment refers to purchases made by individuals who have been transferred abroad for work reasons.
Amendments to the Legislation
Article 2 of the aforementioned decree provides that:
What are the necessary conditions to benefit from this provision?
Notwithstanding the above, the emigrated citizen is still required, in order to enjoy the benefit, not to be the owner of other properties located in the same municipality where they intend to purchase the property.
The citizen who has emigrated abroad can therefore purchase the property without considering the requirement of their residence or the location of the property, whether it is in the municipality where the buyer is based or where they carry out their activities.
In relation to the facilitated purchase made by the taxpayer who has emigrated abroad for work reasons, the new legislation stipulates that:
- The buyer must have resided or carried out their activities in Italy for at least 5 years,
- The property must be located in the municipality of their birth or the municipality where the same individual had their residence or conducted their activities before the transfer abroad.
