Home-related expenses and rent that can be deducted from the taxes, in Italy
This is not exactly my field, but I would like to introduce you the reflections of an accountant, Lumia Luigia, who wrote an article for Treasury & Tax (in Italian Fisco&Tasse), find the link at the bottom.
I will leave the part of the agreed-upon lease rentals, because in the spatial scope of my affiliation, they are not possible.
The payment of the rental fee for the main house is considered by the legislator a worthy burden of tax relief. Young people up to 30 years, undergraduate students, low-income tenants, employees transferred for work reasons.
Deductions for low-income tenants
For contracts entered into, for tenants to “low-income” housing used as a principal residence located with contracts entered into or renewed, according to Law n. 431 of 1998 provides for the following deduction for the purposes of Irpef:
- 300 €, if the total income does not exceed € 15,493.71;
- 150 €, if the total income exceeds € 15,493.71 but not higher than € 30,987.41.
Taxpayers aged between 20 and 30 who rent an apartment can deduct € 991.60 for the first 3 years of rent. If they are being met three basic requirements: that the apartment is intended as a principal residence, which is different from the main house of the parents and the renter that the taxable income is less than € 15.4093,71.
Employees who have moved abroad for work reasons may benefit from a deduction of rent of 991,60 € up to a taxable income of 15,493.71 € and 495,80 € for income up to 30.987,41 €, provided that the change of residence occurred in the three years prior to the deduction in 730 and if the place of employment is not less than 100 km from the previous residence.
For greater clarity, I would advise you to contact your accountant or purchase a paper support that explains the deductions.
For any information about the process of buying a house in Italy, write to email@example.com, I will be happy to answer your questions.
Alice – www.ortalloggi.com